Entry into a Material Definitive Agreement

On February16, 2017, Appvion, Inc. (

Appvion

), a

wholly-owned

subsidiary of Paperweight Development Corp. (the

Company

), entered into a sixth amendment (the

Sixth Amendment

) to its existing Credit Agreement dated as of June28, 2013 by and among Appvion, Inc., as Borrower, Paperweight Development Corp., as Holdings, Jeffries Finance LLC, as administrative agent, and Fifth Third Bank, as revolver agent, swing line lender and L/C issuer and the lenders party thereto, as amended by the First Amendment to Credit Agreement, dated as of November11, 2013, the Second Amendment to Credit Agreement, dated as of November11, 2014, the Third Amendment to Credit Agreement, dated as of August3, 2015, the Fourth Amendment to Credit Agreement, dated as of June24, 2016 and the F ifth Amendment to Credit Agreement, dated as of January16, 2017 (as amended, the

Credit Agreement

).

Upon effectiveness, which will occur subject to the satisfaction of customary conditions, the Sixth Amendment will amend the Credit Agreement to provide for the availability of additional term loans in an aggregate principal amount not to exceed $20,000,000, on the same terms and subject to the same conditions as the term loans already existing under the Credit Agreement.

The description above of the Sixth Amendment is qualified in its entirety by reference to the complete text of the Sixth Amendment, a copy of which is filed as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated by reference herein.

Notice Regarding Forward-Looking Statements

This report contains forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, regarding the Credit Agreement and the Sixth Amendment. Words such as expect, estimate, project, budget, forecast, anticipate, intend, plan, may, will, could, should, poised, believes, predicts, potential, continue, and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this report.

Forward-looking statements in this report include matters that involve known and unknown risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to differ materially from results expressed or implied by this report. Such risk factors include, among others, the factors listed under Item 1ARisk Factors in the Annual Report on Form 10-K of Paperweight. Actual results may differ materially from those contained in the forward-looking statements in this report. Neither Paperweight or the Company undertakes any obligation, nor do they intend, to update these forward-looking statements to reflect events or circumstances occurring after the date of this report. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. All forward-looking statements are qualified in their entirety by this cautionary statement.

Item9.01

Financial Statements and Exhibits

(d)

Exhibit10.1

Sixth Amendment to Credit Agreement, dated as of February16, 2017, among Appvion, Inc., as Borrower, Paperweight Development Corp., as Holdings, Jeffries Finance LLC, as administrative agent and the lenders party thereto.

-2-

Signature

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: February21, 2017

By:

/s/ Thomas J. Ferree

Senior Vice President Finance, Chief Financial Officer and Treasurer

Exhibit Index

Exhibit

No.

Description

Exhibit10.1

Sixth Amendment to Credit Agreement, dated as of February16, 2017, among Appvion, Inc., as Borrower, Paperweight Development Corp., as Holdings, Jeffries Finance LLC, as administrative agent and the lenders party thereto.

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