-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Qi4tN4oVNjEexZnd08hYznuACAsp5TNSOeXNIOKQq7WQuksA8W2PYFbScZK01bTb 6baQ0NGWTwyxarenigRz5A== 0001104659-05-055268.txt : 20051114 0001104659-05-055268.hdr.sgml : 20051111 20051114132614 ACCESSION NUMBER: 0001104659-05-055268 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20051114 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20051114 DATE AS OF CHANGE: 20051114 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLIANT CORP CENTRAL INDEX KEY: 0001049442 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, FOIL & COATED PAPER BAGS [2673] IRS NUMBER: 870496065 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-40067 FILM NUMBER: 051199353 BUSINESS ADDRESS: STREET 1: 1475 WOODFIELD ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 BUSINESS PHONE: 8479693300 MAIL ADDRESS: STREET 1: 1475 WOODFIELD ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 FORMER COMPANY: FORMER CONFORMED NAME: HUNTSMAN PACKAGING CORP DATE OF NAME CHANGE: 19971110 8-K 1 a05-18567_28k.htm CURRENT REPORT OF MATERIAL EVENTS OR CORPORATE CHANGES

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):
November 14, 2005

 

PLIANT CORPORATION
(Exact name of company as specified in its charter)

 

 

Utah

 

333-40067

 

87-0496065

(State or other jurisdiction

 

(Commission file number)

 

(IRS Employer

of incorporation)

 

 

 

Identification Number)

 

1475 Woodfield Road, Suite 700
Schaumburg, IL 60173
(Address of principal executive offices) (Zip Code)

 

(847) 969-3300

(Company’s telephone number, including area code)

 

N.A.
(Former name or former address if changed since last report)

 

 



 

ITEM 8.01. Other Events

 

On November 14, 2005, Pliant Corporation issued a press release which is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

 

ITEM 9.01. Financial Statement and Exhibits

 

(c) The following items are included as Exhibits to this report:

 

99.1   Press Release dated November 14, 2005.

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant had duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

 

PLIANT CORPORATION

 

 

 

Date: November 14, 2005

 

By:

/s/ Harold C. Bevis

 

 

Harold C. Bevis

 

 

President and Chief Executive Officer

 

2


EX-99.1 2 a05-18567_2ex99d1.htm EXHIBIT 99

EXHIBIT 99.1


PLIANT CORPORATION RECEIVES COMMITMENT

FOR NEW $140 MILLION REVOLVING CREDIT FACILITY

 

SCHAUMBURG, ILLINOIS (NOVEMBER 14, 2005) - Pliant Corporation announced today that it has received a commitment letter from GE Commercial Finance and Morgan Stanley Senior Funding, Inc. relating to a proposed $140 million revolving credit facility that, if negotiations and documentation are successfully completed, would replace Pliant’s existing $105 million revolving credit facility. Pliant’s management is working actively to complete negotiations and documentation of the new facility and to satisfy all closing conditions.

 

Harold Bevis, President and CEO said, “We are very pleased to have received this financing commitment from GE and Morgan Stanley, which we view as a strong vote of confidence in our business plan and our management team’s ability to execute that plan. This new financing commitment enhances our financial flexibility. This is an important step forward with regards to implementing an appropriate capital structure for Pliant.”

 

Because of this ongoing material development, Pliant will announce its financial results for the third quarter and file its 10-Q report for that period by Monday, November 21, 2005.

 

The conference call scheduled to discuss the Company’s Third Quarter 2005 operating results and to answer questions about the business has been rescheduled from 2:00 p.m. Eastern Standard Time on Monday, November 14, 2005 to 2:00pm Eastern Standard Time on Monday, November 21, 2005.

 

Participants in the United States can access the conference call by calling 888-677-5724, using the access code Pliant, or internationally by calling 210-234-0003 and using the same access code (Pliant). Participants are encouraged to dial-in at least ten minutes prior to the start of the teleconference.

 

ABOUT PLIANT

Pliant Corporation is a leading producer of value-added film and flexible packaging products for personal care, medical, food, industrial and agricultural markets. The Company operates 23 manufacturing and research and development facilities around the world, and employs approximately 2900 people.

 

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: All information set forth in this news release, except historical and factual information, represents forward-looking statements. This includes all statements about the company’s plans, beliefs, estimates and expectations. Actual results may differ from these forward-looking statements due to numerous factors beyond our control.  Those factors include, but are not limited to, our ability to timely complete negotiations and documentation of

 



 

the proposed revolving credit facility and satisfy all closing conditions, as well as other factors discussed in more detail in our Annual Report on Form 10-K for 2004 and in subsequent filings with the Securities and Exchange Commission.  Any forward-looking statements should be considered in light of these factors.

 

# # #

 

CONTACT

Joe Kwederis

Chief Financial Officer

E-MAIL: JOE.KWEDERIS@PLIANTCORP.COM

Voice: 847.407.5117

Company Web Site: WWW.PLIANTCORP.COM

 


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