SEC Contract Filing

Filing Date: 2020-01-31

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>exhibit101.htm
<DESCRIPTION>INCREMENTAL ASSUMPTION AGREEMENT, AMONG BERRY GLOBAL GROUP, INC., BERRY GLOBAL, INC., AND CERTAIN SUBSIDIARIES OF BERRY GLOBAL, INC., AS LOAN PARTIES, CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, AS ADMINISTRATIVE AGENT, AND GOLDMAN SACHS BANK USA AS THE IN
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 <div style="text-align: right; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;"> EXHIBIT 10.1<br>
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 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">INCREMENTAL ASSUMPTION AGREEMENT</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">Dated as of December 17, 2019,</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">among</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">BERRY GLOBAL GROUP, INC.,</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">BERRY GLOBAL, INC.</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">and</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">CERTAIN SUBSIDIARIES OF BERRY GLOBAL, INC.</div>
 <div style="text-align: center; margin-bottom: 6pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;"><font style="font-family: 'Times New Roman',serif; font-size: 12pt;"><u>as Loan Parties</u></font>,</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH</div>
 <div style="text-align: center; margin-bottom: 6pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;"><u>as Administrative Agent</u></div>
 <div style="text-align: center; margin-bottom: 6pt; font-family: Garamond,serif; font-size: 12pt; font-weight: bold;">and</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;">GOLDMAN SACHS BANK USA</div>
 <div style="text-align: center; margin-bottom: 6pt; font-family: 'Times New Roman',serif; font-size: 12pt; font-weight: bold;"><u>as Initial Term Y Lender</u></div>
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 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt; font-weight: bold;">INCREMENTAL ASSUMPTION AGREEMENT</div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;">THIS INCREMENTAL ASSUMPTION AGREEMENT (this &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Agreement</u></font>&#8221;),
 dated as of December 17, 2019, is among BERRY GLOBAL, INC. (formerly known as Berry Plastics Corporation), a Delaware corporation (the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Borrower</u></font>&#8221;), BERRY GLOBAL
 GROUP, INC. (formerly known as Berry Plastics Group, Inc.), a Delaware corporation (&#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Holdings</u></font>&#8221;), each Subsidiary of the Borrower listed on the signature pages hereto
 (together with Holdings and Borrower, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Loan Parties</u></font>&#8221;), Goldman Sachs Bank USA, as an Incremental Term Lender (as defined in the Credit Agreement referred to
 below) with respect to the Term Y Loans (in such capacity, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Initial&#160;Term Y Lender</u></font>&#8221;) and Credit Suisse AG, Cayman Islands Branch (formerly known as Credit Suisse,
 Cayman Islands Branch), as administrative agent (in such capacity, the &#8220;<font style="font-family: 'Times New Roman', serif; font-size: 12pt;"><u>Administrative Agent</u></font>&#8221;) for the Lenders under the Credit Agreement.</div>
 <div style="text-align: center; margin-bottom: 12pt; font-family: 'Times New Roman', serif; font-size: 12pt;"><u>PRELIMINARY STATEMENTS:</u></div>
 <div style="text-align: justify; text-indent: 36pt; margin-bottom: 12pt;"><font style="font-family: 'Times New Roman', serif; font-size: 12pt;">(1)</font><font id="TRGRRTFtoHTMLTab" style="display: inline-bloc