Caraustar Industries Inc. (fka CSARQ)

[~ TRT ~]

Caraustar Industries, Inc. Reports First Quarter 2009 Results; Reaches Agreement to Extend Revolving Credit Facility
On Friday May 1, 2009, 4:05 pm EDT

http://finance.yahoo.com/news/Caraustar-Industries-Inc-prnews-15106081.html?.v=1


Michael J. Keough, president and chief executive officer of Caraustar, commented, "Overall, we were pleased with the results of operations in the first quarter. Despite a challenging economic backdrop, the company was able to deliver solid results.

...

Caraustar's mill capacity utilization was 93.3 percent, compared to industry capacity utilization of 82.6 percent.

...

Mr. Keough further commented, "We continue discussions with the ad hoc committee of our senior noteholders with respect to a restructuring of our debt obligations. We will disclose additional information as appropriate