Polymer Group, Inc. Announces Expiration of Exchange Offer for its 7.75% Senior Secured Notes Due 2019

Monday, Jan 23, 2012

CHARLOTTE, N.C., Jan. 20, 2012 /PRNewswire/ -- Polymer Group, Inc. announced the completion of its offer to exchange all of its outstanding 7.75% Senior Secured Notes due 2019 (the "Outstanding Notes") for an equal 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 offer expired at 5:00 p.m., New York City time, on January 19, 2012.  At the time of the expiration, subject to confirmation of tenders sent via the guaranteed delivery procedures set forth in the prospectus, tenders of $560 million aggregate principal amount, or 100%, of the Outstanding Notes have been received pursuant to the exchange offers.

This press release is neither an offer to exchange nor a solicitation of an offer to exchange any securities.

SOURCE Polymer Group, Inc.