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Pregis Announces Fourth Quarter and Full Year 2008 Financial Results
Date:3/26/2009

Accrued payroll and benefits 11,653 19,814 Accrued interest 6,905 6,775 Other 21,740 22,436 ------ ------ Total current liabilities 131,256 165,371 Long-term debt 460,714 475,604 Deferred income taxes 24,913 34,589 Long-term income tax liabilities 11,310 9,585 Pension and related liabilities 6,119 9,389 Other 11,963 7,124 Stockholder's equity: Common stock - $0.01 par value; 1,000 shares authorized, 149.0035 shares issued and outstanding at December 31, 2008 and 2007 - - Additional paid-in capital 150,610 149,659 Accumulated deficit (64,318) (16,588) Accumulated other comprehensive income 3,809 20,586 ----- ------ Total stockholder's equity 90,101 153,657 ------ ------- Total liabilities and stockholder's equity $736,376 $855,319 -------- -------- Pregis Holding II Corporation Consolidated Statements of Operations Unaudited (dollars in thousands) Three Months Ended Year Ended December 31, December 31, -----------
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