Business News

Plastipak Holdings, Inc. Announces Proposed Senior Notes Offering

Tuesday 21. July 2009 - Plastipak Holdings, Inc. announced today that it intends to offer, subject to market and other conditions, $150 million principal amount of its senior notes due 2019 in a private offering.

The proceeds from the offering will be used to repay borrowings under Plastipak’s Seventh Amended and Restated Credit Agreement and otherwise for general corporate purposes.

The notes will be offered in the United States only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Act”), and in offshore transactions pursuant to Regulation S under the Act. The notes have not been registered under the Act and, unless so registered, the notes may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Act and applicable state securities laws.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

The information in this press release is forward looking, and is subject to the risk that some or all of the proposed notes offering will not occur as planned.