On January 6, 2014, Berry Plastics Group, Inc., Berry Plastics Corporation and certain of its subsidiaries entered into an incremental assumption agreement with Credit Suisse AG, Cayman Islands Branch to borrow an incremental amount of $1,125,000,000 under Berry's existing term loan credit agreement. The loans borrowed on such date (the term E loans) bear interest at LIBOR plus 2.75% per annum with a LIBOR floor of 1.00%, mature on January 6, 2021 and are subject to customary amortization. If certain specified repricing events occur prior to July 6, 2014, Berry will pay a fee to the applicable lenders equal to 1.00% of the outstanding principal amount of the term E loans subject to such repricing event.

The proceeds of the term E loans were used to repay in full all of Berry's outstanding term C loans pursuant to, and as defined in, Berry's existing term loan credit agreement.