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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): January 29, 2010
Commission file numbers: 333-82084-01
333-82084
PAPERWEIGHT DEVELOPMENT CORP. APPLETON PAPERS INC.
(Exact Name of Registrant as (Exact Name of Registrant as
Specified in Its Charter) Specified in Its Charter)
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Wisconsin Delaware
(State or Other Jurisdiction of (State or Other Jurisdiction of
Incorporation or Organization) Incorporation or Organization)
39-2014992 36-2556469
(I.R.S. Employer Identification No.) (I.R.S. Employer Identification No.)
825 East Wisconsin Avenue,
P.O. Box 359,
Appleton,
Wisconsin 54912-0359
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (920) 734-9841
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Securities Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01 Enter into a Material Definitive Agreement.
On January 29, 2010, Appleton Papers Inc. (the "Company"), the guarantors
party thereto and U.S. Bank National Association, as trustee, entered into a
first supplemental indenture (the "First Supplemental Indenture") to the
indenture, dated as of September 30, 2009 (the "Indenture"), relating to the
Company's 11.25% Second Lien Notes due 2015 (the "Notes").
The First Supplemental Indenture amends the Indenture to permit:
(i) the Appleton Papers Retirement Savings and Employee Stock Ownership
Plan (the "ESOP") to own less than 50% of Paperweight Development Corp. (the
Company's parent company) without triggering a requirement on the part of the
Company to make an offer to repurchase the Notes pursuant to the Indenture; and
(ii) a capital contribution or operating lease of the black liquor assets
located at the Company's facilities at Roaring Spring, Pennsylvania to a
newly-formed joint venture with a third party in exchange for a minority equity
interest in such joint venture.
The description of the First Supplemental Indenture above is qualified in
its entirety by reference to the complete text of the First Supplemental
Indenture, a copy of which is filed as Exhibit 4.1 to this report and
incorporated herein by reference.
Item 3.03 Material Modification to Rights of Security Holders.
The information set forth in Item 1.01 of this report is incorporated by
reference into this Item 3.03.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
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4.1 First Supplemental Indenture, dated as of January 29, 2010, among
Appleton Papers Inc., as issuer, each of the guarantors identified
therein and U.S. Bank National Association, as trustee and collateral
agent, to the indenture, dated as of September 30, 2009, governing the
11.25% Second Lien Notes Due 2015.
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.
Date: February 3, 2010
Paperweight Development Corp.
By: /s/ Jeffrey J. Fletcher
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Name: Jeffrey J. Fletcher
Title: Controller
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.
Date: February 3, 2010
Appleton Papers Inc.
By: /s/ Jeffrey J. Fletcher
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Name: Jeffrey J. Fletcher
Title: Controller
Exhibit Index
Exhibit No. Description
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4.1 First Supplemental Indenture, dated as of January 29, 2010, among
Appleton Papers Inc., as issuer, each of the guarantors identified
therein and U.S. Bank National Association, as trustee and
collateral agent, to the indenture, dated as of September 30,
2009, governing the 11.25% Second Lien Notes Due 2015.