Bemis Launches Senior Notes Offering To Finance Acquisition

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Source: Bemis Company Public Relations
Date: 7/20/2009

NEENAH, WISCONSIN, July 20, 2009 — Bemis Company, Inc. (NYSE-BMS) announced today that it has priced an $800 million underwritten public offering of senior notes, including $400 million aggregate principal amount of 5.650% senior notes due 2014 and $400 million aggregate principal amount of 6.800% senior notes due 2019. The Company will pay interest on the notes semi-annually on February 1st and August 1st of each year, beginning on February 1, 2010.

The Company intends to use the net proceeds from the offerings to finance a portion of the $1.213 billion purchase price of its previously announced acquisition of Alcan Packaging Food Americas, a business unit of Rio Tinto plc. The Company will be required to redeem the notes in the event the acquisition does not occur. The senior notes offering is expected to close by July 27, 2009, subject to customary closing conditions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. J.P. Morgan Securities Inc., Bank of America Merrill Lynch, BNP Paribas Securities Corp. and Wells Fargo Securities, LLC are the joint bookrunning managers of the offering.

The Company has filed a registration statement (including a prospectus) with the SEC for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement and applicable prospectus supplement and other documents the Company has filed or will file with the SEC for more complete information about the Company and this offering. You may get these documents for free by visiting EDGAR on the SEC website. Alternatively, the Company, any underwriter or any dealer participating in the offerings will arrange to send you the prospectus relating to the offering if you request it by calling J.P. Morgan Securities Inc. at 212-834-4533, Bank of America Merrill Lynch at 800-294-1322, BNP Paribas Securities Corp. at 800-854-5674 or Wells Fargo Securities, LLC at 800-326-5897.

Forward Looking Statements 

Statements in this release that are not historical, including statements relating to the expected future performance of the Company, are considered "forward-looking" and are presented pursuant to the safe harbor provisions of the Securities Litigation Reform Act of 1995.  Such content is subject to certain risks and uncertainties, including but not limited to future changes in cost or availability of raw materials, consumer buying patterns under certain economic conditions, changes in customer order patterns, the results of competitive bid processes, costs associated with the pursuit of business combinations (pursuant to SFAS No. 141R), unexpected costs associated with completing the acquisition, a failure in our information technology infrastructure or applications, foreign currency fluctuations, changes in working capital requirements, and the availability and related cost of financing from banks and capital markets.  Actual future results and trends may differ materially from historical results or those projected in any such forward-looking statements depending on a variety of factors which are detailed in the Company's regular SEC filings including the most recently filed Form 10-K for the year ended December 31, 2008.

Additional information concerning some of the factors that could cause materially different results is included in the Company's reports on forms 10-K, 10-Q and 8-K filed with the Securities and Exchange Commission.  Such reports are available from the Securities and Exchange Commission's public reference facilities and its website, Bemis' investor relations department, and Bemis' website.

About Bemis Company, Inc.

Bemis Company is a major supplier of flexible packaging and pressure sensitive materials used by leading food, consumer products, manufacturing, and other companies worldwide.  Founded in 1858, the Company reported 2008 net sales of $3.8 billion.  The Company's flexible packaging business has a strong technical base in polymer chemistry, film extrusion, coating and laminating, printing and converting. The Company's pressure sensitive materials business specializes in adhesive technologies.  Headquartered in Neenah, Wisconsin, Bemis employs about 15,800 individuals in 61 manufacturing facilities in 11 countries around the world.  More information about the Company is available at its website.

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