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Pregis Announces Extension of Exchange Offer
Date:2/24/2010

DEERFIELD, Ill., Feb. 24 /PRNewswire-FirstCall/ -- Pregis Corporation, a leading international manufacturer, marketer, and supplier of protective packaging products and specialty packaging solutions, today announced the extension of its offer to exchange up to euro 125 million of its Second Priority Senior Secured Floating Rate Notes due 2013 issued in a private placement on October 5, 2009 for an equal principal amount of Second Priority Senior Secured Floating Rate Notes due 2013 that have been registered under the Securities Act of 1933, as amended.  The exchange offer is now scheduled to expire at 12:00 a.m. (midnight), Eastern Time, on February 26, 2010, unless further extended by Pregis.  As of 5:00 p.m., Eastern Time, on February 23, 2010, approximately $98.9 million of the outstanding Second Priority Senior Secured Floating Rate Notes had been tendered in the exchange offer.


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