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[
]
Written communications pursuant to Rule 425 under the Securities
Act (17
CFR 230.425)
|
|
[
]
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR
240.14a-12)
|
|
[
]
Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
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[
]
Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item
7.01.
|
REGULATION
FD
DISCLOSURE.
|
Reconciliation
of Adjusted EBITDA to Net Loss
|
||||||||||||||||
(in
millions)
|
||||||||||||||||
Old
Berry
|
Old
Covalence
|
Combined
|
||||||||||||||
July
1 to
|
July
2 to
|
July
1 to
|
||||||||||||||
September
29,
|
September
30,
|
September
29,
|
||||||||||||||
2007
|
2006
|
2006
|
2006
|
|||||||||||||
Adjusted
EBITDA
|
$ | 112.8 | $ | 65.2 | $ | 33.6 | $ | 98.8 | ||||||||
Net
interest expense
|
(58.8 | ) | (23.8 | ) | (15.8 | ) | (39.6 | ) | ||||||||
Depreciation
and amortization
|
(69.6 | ) | (26.5 | ) | (23.4 | ) | (49.9 | ) | ||||||||
Income
tax benefit
|
33.9 | 13.7 | 3.4 | 17.1 | ||||||||||||
Loss
on extinguished debt
|
- | (39.9 | ) | - | (39.9 | ) | ||||||||||
Apollo
Berry Merger expense
|
- | (73.0 | ) | - | (73.0 | ) | ||||||||||
Non-cash
inventory write-up
|
(4.1 | ) | - | - | - | |||||||||||
Stock
compensation expense
|
(4.0 | ) | (0.9 | ) | - | (0.9 | ) | |||||||||
Business
optimization expenses
|
6.3 | (1.1 | ) | - | (1.1 | ) | ||||||||||
Other,
net
|
- | - | (3.2 | ) | (3.2 | ) | ||||||||||
Restructuring
and impairment charges
|
(39.1 | ) | - | (0.2 | ) | (0.2 | ) | |||||||||
Management
fees
|
(3.2 | ) | - | (0.1 | ) | (0.1 | ) | |||||||||
Net
loss
|
(25.8 | ) | (86.3 | ) | (5.7 | ) | (92.0 | ) | ||||||||
BERRY
PLASTICS HOLDING CORPORATION
|
||||
Date:
January 2, 2008
|
By:
|
\s\
James M. Kratochvil
|
||
Name: James M. Kratochvil
Title:
Executive Vice
President, Chief
Financial
Officer, Treasurer
and Secretary
of
the entities listed
above
|
||||