Polymer Group, Inc. Announces Exchange Offer for Its 7.75% Senior Secured Notes Due 2019
CHARLOTTE, N.C., Dec. 16, 2011 /PRNewswire/ — Polymer Group, Inc. (“PGI”) announced today that it is commencing an exchange offer for all of its outstanding 7.75% Senior Secured Notes due 2019 (the “Outstanding Notes”), upon the terms and conditions set forth in a prospectus, dated December 16, 2011, and in the accompanying letter of transmittal relating to the exchange offer.
Under the exchange offer, PGI is offering to exchange all of the Outstanding Notes for a like principal amount of its 7.75% Senior Secured Notes due 2019, which have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”).
The exchange offer will expire at 5:00 p.m., New York City time, on January 19, 2012 unless extended.
This press release is not an offer to exchange any of the Outstanding Notes for the Exchange Notes or the solicitation of an offer to exchange, which PGI is making only through the prospectus. Copies of the prospectus, the letter of transmittal and other related documents may be obtained from Wilmington Trust Company, as exchange agent for the exchange offer, at the following address:
Wilmington Trust Company
Rodney Square North
1100 North Market Street
Wilmington, DE 19890-1615
Attention: Sam Hamed
Telephone: (302) 636-6181
SOURCE Polymer Group, Inc.