Contact: Jim Kratochvil Executive Vice President, Chief Financial Officer, Treasurer & Secretary
Contact: Xxx
Xxxxxxxxxx
Executive
Vice President,
Chief
Financial Officer,
Treasurer
& Secretary
812-424-2904
Amendment
to Xxxxx Plastics Group, Inc. Term Loan Credit Agreement
For
Immediate Release:
EVANSVILLE,
IN, February 12, 2009 – Xxxxx Plastics Group, Inc. (“Holdco”), the parent
of Xxxxx Plastics Corporation, has today launched an amendment (the “Amendment”) to its
Term Loan Credit Agreement (the “Holdco Credit
Agreement”) dated as of June 5, 2007. If the Amendment is
approved by the requisite lenders under the Holdco Credit Agreement, Holdco, its
subsidiaries and its affiliates would be allowed to repurchase loans under the
Holdco Credit Agreement in the open market. Signatures are being
requested from the Holdco Lenders by 5:00 p.m. EST on Wednesday, February 18,
2009.
Xxxxx
Plastics is a leading manufacturer and marketer of plastic packaging products
and is headquartered in Evansville, Indiana.
# # #
Certain
statements and information included in this release may constitute “forward
looking statements” within the meaning of the Federal Private Securities
Litigation Reform Act of 1995. Such forward-looking statements involve known and
unknown risks, uncertainties and other factors which may cause the actual
results, performance, or achievements of Xxxxx Plastics to be materially
different from any future results, performance, or achievements expressed or
implied in such forward looking statements. Additional discussion of
factors that could cause actual results to differ materially from management’s
projections, forecasts, estimates and expectations is contained in the
companies’ SEC filings. The companies do not undertake any obligation to update
any forward-looking statements, or to make any other forward-looking statements,
whether as a result of new information, future events or
otherwise.