Plastipak Holdings, Inc. Announces Redemption Of Senior Notes Due 2015

Call to Redeem All of Its Outstanding 8 1/2% Senior Notes Due 2015

Dec 21, 2012, 17:19 ET from Plastipak Holdings, Inc.

PLYMOUTH, Mich., Dec. 21, 2012 /PRNewswire/ -- Plastipak Holdings, Inc. ("Plastipak") announced today the full redemption of its $250 million outstanding 8 ½% Senior Notes due 2015, on January 21, 2013, the redemption date.  The redemption price is 101.417% of the unpaid principal amount of the notes, together with accrued and unpaid interest up to, but excluding, January 21, 2013.

Holders owning notes through a broker, bank or other nominee should contact that party for information.  For more information, note holders may call the paying agent for the redemption, Wells Fargo Bank, National Association, at 1-800-344-5128. 

DISCLOSURE NOTICE: Some statements in this release may constitute forward-looking statements.  Plastipak cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements.  A description of risks and uncertainties can be found in Plastipak's most recent Form 10-K Equivalent Annual Report for the fiscal year ended October 29, 2011, as filed with Wells Fargo Bank, N.A., as Trustee for the notes, subsequent Form 10-Q Equivalent Quarterly Reports filed with the Trustee, and press releases.  Except as required by law, Plastipak does not assume any obligation to update any forward-looking statements contained in this release as a result of new information or future events or developments.

About Plastipak

Plastipak, a privately held Michigan corporation founded in 1967, is a leading global manufacturer of plastic packaging containers and preforms for some of the world's largest consumer products companies.  Plastipak designs, manufactures, and distributes plastic containers in four product categories: carbonated and non-carbonated beverages; consumer cleaning; food and processed juices; and industrial, automotive and specialty products. The company's operations span the US, Europe, and Brazil.  In North America, Plastipak is the exclusive supplier of plastic containers to The Procter & Gamble Company for its heavy-duty liquid laundry detergents and is the largest supplier of plastic containers to Kraft Foods for its pourable dressings, barbecue sauces, coffee, spoonable dressings and grated cheeses. In Brazil, Plastipak is the largest preform supplier to AB InBev. In fiscal 2011, Plastipak distributed approximately 10.4 billion containers and 10.3 billion preforms to more than 450 customers via 29 manufacturing facilities.


SOURCE Plastipak Holdings, Inc.