Coveris Announces Receipt of Regulatory Approvals of Sale of its Americas Business

Chicago, IL, April 25, 2018 – Coveris Holdings S.A. (“Coveris” or “the Company”), a premier global packaging manufacturer, today announced that all regulatory approvals required to complete the previously announced sale of its Americas packaging business (the “Americas Sale”) have been obtained. The Americas Sale is currently expected to close on May 1, 2018. As previously announced, the Company has received the required consent from the lenders under its existing credit agreement dated November 8, 2013 to allow for the full repayment of its USD term loan, ABL facilities and 77⁄8% senior notes due 2019 (the “Notes”) upon the closing of the Americas Sale. The Company anticipates that on May 1, 2018 it will satisfy and discharge its obligations under the Notes. The date of redemption of the Notes as previously announced will be May 7, 2018.

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