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Pregis Announces Third Quarter 2009 Financial Results
Date:11/12/2009

327 244 Net unusual or nonrecurring gains or losses: Restructuring, severance and related expenses 2,769 5,489 Other unusual or nonrecurring (gains) or losses 1,609 (239) Other adjustments: Amounts paid pursuant to management agreement with Sponsor 472 324 --- --- Adjusted EBITDA ("Consolidated Cash Flow") $25,236 $30,184 ------- ------- Note to above: -------------- EBITDA is defined as net income before interest expense, interest income, income tax expense, depreciation and amortization. Adjusted EBITDA, referred to as Consolidated Cash Flow within the context of the Company's indentures, is presented herein because it is a material element of the fixed charge coverage ratio and secured indebtedness leverage ratio included in the Company's indentures and is a significant operating measure used by the Company to measure its operating performance and liquidity. Pregis Holding II Corporation Supplemental Information (Unaudited) Calculation of Adjusted EBITDA ("Consolidated Cash Flow") --------------------------------------------------------- Twelve Months Ended (unaudited) September 30, ------------------- (dollars in thousands) 2009 2008 ---- ---- Net loss of Pregis Holding II Corporation $(37,613) $(28,092) Interest expense, net of int
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