Caraustar Industries Inc. (fka CSARQ)

[mike_t]

Caraustar Industries, Inc. Reaches Agreement to Extend Revolving Credit Facility; Postpones Annual Shareholder Meeting
ATLANTA, May 15 /PRNewswire-FirstCall/ -- Caraustar Industries, Inc. (Nasdaq: CSAR) today announced that on May 8, 2009, the company amended its Senior Credit Facility, originally dated March 30, 2006, with Bank of America, N.A. The Eighth Amendment to the Amended and Restated Credit Agreement extends until May 15, 2009 the notification date at which time the company was required to advise participating lenders of its plan to refinance or defease the Senior Notes in the amount of approximately $190 million, maturing on June 1, 2009. Subsequently, on May 15, 2009 the lenders further extended the notification date to June 1, 2009. Additionally, the company's announced that its Annual Shareholders' Meeting, which was originally scheduled for Wednesday, May 20, 2009, has been postponed until further notice.

http://phx.corporate-ir.net/phoenix.zhtml?c=110896&p=irol-newsArticle&ID=1288935&highlight=

Caraustar Industries, Inc. is one of North America's largest integrated manufacturers of 100% recycled paperboard and converted paperboard products. The company is a socially responsible corporation, is committed to environmentally sound practices and is dedicated to providing customers with outstanding value through innovative products and services. Caraustar has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled boxboard product end-use markets: tubes and cores; folding cartons; gypsum facing paper and specialty paperboard products. For additional information on Caraustar, please visit the company's website at www.caraustar.com.

CONTACT: Ronald J. Domanico
Senior Vice President and
Chief Financial Officer
[phone]