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Gaylord Announces Offer to Exchange 10-Year Senior Notes

DEERFIELD, Ill., Sept. 9 /PRNewswire/ -- Gaylord Container Corporation (Amex: GCR) announced today that it is offering to exchange $225 million principal amount of its 9-3/4% Senior Notes due 2007, Series B, registered under the Securities Act of 1933, for its 9-3/4% Senior Notes due 2007, Series A. Pursuant to the terms of the exchange offer, which will expire at 5:00 p.m., New York City time on October 8, 1997, the Company is offering to exchange $1,000 aggregate principal amount of its Series B Senior Notes for each $1,000 aggregate principal amount of its Series A Senior Notes which were sold on June 12, 1997 in a private placement debt offering. The terms of the Series B Senior Notes are the same as the terms of the Series A Senior Notes, except that the Series B Senior Notes have been registered under the Securities Act of 1933 and, therefore, the Series B Senior Notes do not bear legends restricting their transfer.

Gaylord Container Corporation is a major national manufacturer and distributor of corrugated containers and sheets, containerboard, unbleached kraft paper and multiwall bags.

SOURCE Gaylord Container Corporation
 -0- 09/09/97


/CONTACT: Richard E. Storat of Gaylord Container Corporation, 847-405-5645/

/Gaylord Container's press releases available through Company News On-Call by fax, 800-758-5804, ext. 345275, or at http://www.prnewswire.com/

(GCR)

CO: Gaylord Container Corporation ST: Illinois IN: PAP SU:

MG-MS -- CLTU010 -- 5395 09/09/97 10:33 EDT http://www.prnewswire.com
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Publication:PR Newswire
Date:Sep 9, 1997
Words:248
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