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Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com

Packaging Dynamics Completes $425 Million Private Placement

Date: 02/01/11

Cahill represented the initial purchasers in the Rule 144A/Reg S Offering of $425,000,000 8.75% Senior Secured Notes due 2016 by Packaging Dynamics Corporation. The proceeds will be used to redeem Packaging Dynamic's outstanding indebtedness and to pay a dividend to equity holders.

Julie Cohen
Director of Marketing and Communications
212.701.3614
jcohen@cahill.com