8-K

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):
June 23, 2006

PLIANT CORPORATION

(Exact Name of Registrant as Specified in Its Charter)

Utah	333-40067	87-0496065
(State or Other	(Commission File Number)	(IRS Employer
Jurisdiction of Incorporation)		Identification Number)

1475 Woodfield Road, Suite 700
Schaumburg, IL  60173
(Address of Principal Executive Offices)  (Zip Code)

(847) 969-3300
(Registrant’s telephone number, including area code)

N.A.
(Former Name or Former Address if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o   Written communications pursuant to Rule 425 under the Securities Act

o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act

o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act

o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

ITEM 8.01.   OTHER EVENTS

As previously disclosed, on January 3, 2006, Pliant Corporation (the “Company”) and certain of its subsidiaries (collectively, the “Debtors”) filed voluntary petitions in the United States Bankruptcy Court for the District of Delaware (the “Bankruptcy Court”) seeking relief under the provisions of chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) (the “Chapter 11 Cases”). The Chapter 11 Cases are being jointly administered under the caption “In re: Pliant Corporation, et al., Case No. 06-10001”.

Also as previously disclosed, on June 19, 2006, the Debtors filed with the Bankruptcy Court the Debtors’ Fourth Amended Joint Plan of Reorganization (the “Fourth Amended Plan”).

On June 23, 2006, the Company issued a press release announcing that the Bankruptcy Court had confirmed the Fourth Amended Plan. The press release 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

(d)  Exhibits.

Exhibit No.            Description

99.1                         Press Release dated June 23, 2006

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SIGNATURES

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

		PLIANT CORPORATION
	By:	/s/ Joseph Kwederis Joseph Kwederis Senior Vice President and Chief Financial Officer
Date: June 26, 2006

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EX-99.1

Exhibit 99.1

June 23, 2006

FOR IMMEDIATE RELEASE

PLIANT’S FINANCIAL RESTRUCTURING PLAN CONFIRMED BY COURT

SCHAUMBURG, IL - - - Pliant Corporation announced today that the U.S. Bankruptcy Court for the District of Delaware has confirmed the company’s Plan of Reorganization. This confirmation sets the stage for the company to emerge from Chapter 11, following closing of the company’s previously announced $200MM exit financing package and other related conditions.

The Plan will significantly increase Pliant’s free cash flow, reduce debt and interest expense, and eliminate all existing mandatory redeemable preferred equity through an exchange with holders of the company’s 13% Senior Subordinated Notes, Series A and Series B Preferred stock, and Common stock. A key provision of the plan will be the payment of all outstanding pre-petition trade vendor claims.

Harold Bevis, President and CEO said, “We are very pleased that the Court has confirmed our financial restructuring plan and are excited about Pliant’s future. We expect Pliant’s significantly improved balance sheet and cash flows to help us continue to build a world-class flexible packaging company. I would like to especially thank our employees, customers, and vendors who have remained committed to our longstanding partnerships throughout this process. These partnerships are key to Pliant’s future success.”

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 complete timely negotiations and documentation of the new credit agreement and to otherwise satisfy all to the effectiveness of our proposed plan of reorganization, as well as other factors discussed in more detail in our Annual Report on Form 10-K for 2005 and in subsequent filings with the Securities and Exchange Commission. Any forward-looking statements should be considered in light of these factors.

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 2,940 people.

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CONTACT:

Steve Auburn
Vice President and General Counsel
E-mail: steve.auburn@pliantcorp.com
Phone: 847-969-3319
Company Web Site: www.pliantcorp.com

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