Reynolds Group Holdings Limited Announces Intention to Re-Price its Existing Term Loans

NEW YORK–(BUSINESS WIRE)–Reynolds Group Holdings Limited (“Reynolds Group”) today announced that
it is seeking to re-price its existing $3,315 million and €249 million
senior secured term loans. Reynolds Group anticipates the transaction to
be completed in February 2017. However, there can be no assurance that
Reynolds Group will be able to complete such transaction, which is
subject to market and other customary conditions.

About Reynolds Group:

Reynolds Group is a leading global manufacturer and supplier of consumer
food and beverage packaging and storage products. Reynolds Group is
based in Auckland, New Zealand. Additional information regarding
Reynolds Group is available at

Forward-Looking Statements:

This press release may contain “forward-looking statements.”
Forward-looking statements include statements regarding the goals,
beliefs, plans or current expectations of Reynolds Group, taking into
account the information currently available to our management.
Forward-looking statements are not statements of historical fact. For
example, when we use words such as “believe,” “anticipate,” “expect,”
“estimate,” “plan,” “intend,” “should,” “would,” “could,” “may,”
“might,” “will” or other words that convey uncertainty of future events
or outcomes, we are making forward-looking statements. While management
has based any forward-looking statements contained herein on its current
expectations, the information on which such expectations were based may
change. These forward-looking statements rely on a number of assumptions
concerning future events and are subject to a number of risks,
uncertainties, and other factors, many of which are outside of our
control that could cause actual results to materially differ from such
statements. Such uncertainties, risks and assumptions include, but are
not limited to: risks related to our ability to complete the repricing
of the existing term loans; risks related to strategic transactions,
including completed and future acquisitions or dispositions, such as the
risks that we may be unable to complete an acquisition or disposition in
the timeframe anticipated, on its original terms, or at all, or that we
may not be able to achieve some or all of the benefits that we expect to
achieve from such transactions, including risks related to integration
of our acquired businesses, or that a disposition may have an
unanticipated effect on our retained business; risks related to the
future costs of raw materials, energy and freight; risks related to our
substantial indebtedness and our ability to service our current and
future indebtedness; risks related to our hedging activities which may
result in significant losses and in period-to-period earnings
volatility; risks related to our suppliers of raw materials and any
interruption in our supply of raw materials; risks related to downturns
in our target markets; risks related to increases in interest rates
which would increase the cost of servicing our debt; risks related to
dependence on the protection of our intellectual property and the
development of new products; risks related to exchange rate
fluctuations; risks related to the consolidation of our customer bases,
competition and pricing pressure; risks related to the impact of a loss
of one of our key manufacturing facilities; risks related to our
exposure to environmental liabilities and potential changes in
legislation or regulation; risks related to complying with
environmental, health and safety laws or as a result of satisfying any
liability or obligation imposed under such laws; risks related to
changes in consumer lifestyle, eating habits, nutritional preferences
and health-related and environmental concerns that may harm our business
and financial performance; risks related to restrictive covenants in the
Notes and our other indebtedness which could adversely affect our
business by limiting our operating and strategic flexibility; risks
related to our dependence on key management and other highly skilled
personnel; and risks related to our pension plans sponsored by us and
others in our controlled group.

Given these risks and uncertainties, you are cautioned not to place
undue reliance on these forward-looking statements, which speak only as
of the date hereof. Except as required by law, we undertake no
obligation to publicly update or revise any forward-looking statement,
whether as a result of new information, future events or otherwise. All
subsequent written and oral forward-looking statements attributable to
us or to persons acting on our behalf are expressly qualified in their
entirety by the cautionary statements referred to above.


Reynolds Group Holdings Limited
E. Doyle – + 1-847-482-2409