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<TITLE>Form 8-K</TITLE>
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 <P STYLE="line-height:1.0pt;margin-top:0pt;margin-bottom:0pt;border-bottom:1px solid #000000">&nbsp;</P>
<P STYLE="line-height:3.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1px solid #000000">&nbsp;</P> <P STYLE="margin-top:4pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>UNITED STATES </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>SECURITIES AND EXCHANGE COMMISSION </B></P>
<P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Washington, D.C. 20549 </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
<P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:18pt; font-family:Times New Roman" ALIGN="center"><B>FORM 8-K
</B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center> <P STYLE="line-height:6.0pt;margin-top:0pt;margin-bottom:2pt;border-bottom:1.00pt solid #000000;width:21%">&nbsp;</P></center>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>CURRENT REPORT </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Pursuant
to Section&nbsp;13 or 15(d) </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>of the Securities Exchange Act of 1934 </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:12pt; font-family:Times New Roman" ALIGN="center"><B>Date of Report (Date of earliest event reported): November 22, 2013 </B></P>
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<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:24pt; font-family:Times New Roman" ALIGN="center"><B>Appvion, Inc. </B></P> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>(Exact
name of registrant as specified in its charter) </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><center>
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<TD VALIGN="top" ALIGN="center"><B>Delaware</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>333-82084</B></TD>
<TD VALIGN="bottom">&nbsp;</TD>
<TD VALIGN="top" ALIGN="center"><B>36-2556469</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(State or other jurisdiction</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>of incorporation)</B></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(Commission</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>File Number)</B></P></TD>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>(I.R.S. Employer</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Identification No.)</B></P></TD></TR></TABLE>
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<TD VALIGN="top" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>825 East Wisconsin Avenue, P.O Box 359,</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Appleton, Wisconsin</B></P></TD>
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<TD VALIGN="bottom" ALIGN="center"><B>54912-0359</B></TD></TR>
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<TD VALIGN="top" ALIGN="center"><B>(Address of principal executive offices)</B></TD>
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<TD VALIGN="top" ALIGN="center"><B>(Zip Code)</B></TD></TR>
</TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Registrant&#146;s telephone number, including area code 920-734-9841 </B></P>
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<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">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: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Soliciting material pursuant to Rule 14a-12 under the Securities Act (17 CFR 240.14a-12) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) </TD></TR></TABLE> <P STYLE="font-size:10pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&nbsp;1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Second Lien Senior Secured Notes Indenture </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On
November&nbsp;19, 2013, Appvion, Inc. (the &#147;Company&#148;) issued $250,000,000 aggregate principal amount of its 9.000% Second Lien Senior Secured Notes due 2020 (the &#147;Notes&#148;). The Notes mature on June&nbsp;1, 2020 and will accrue
interest from the issue date at a rate of 9.000%&nbsp;per year, payable in cash semi-annually in arrears on each June&nbsp;1 and December&nbsp;1, beginning on June&nbsp;1, 2014 The Notes were issued pursuant to an indenture, dated as of
November&nbsp;19, 2013 (the &#147;Indenture&#148;), by and among the Company, each of the guarantors identified therein (collectively, the &#147;Guarantors&#148;), and U.S. Bank National Association, as trustee (in such capacity, the
&#147;Trustee&#148;) and collateral agent (in such capacity, the &#147;Collateral Agent&#148;). </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Company&#146;s obligations under the Notes are
guaranteed (the &#147;Guarantees&#148;) by the Guarantors, which include the Company&#146;s parent company, Paperweight Development Corp. (&#147;PDC&#148;), the Company&#146;s Canadian subsidiary, Appvion Canada, Ltd. (&#147;Appvion Canada&#148;),
and any of the Company&#146;s other existing and future domestic and foreign subsidiaries that become guarantors or borrowers under the Company&#146;s $435 million senior secured credit facilities (the &#147;Senior Secured Credit Facilities&#148;),
established pursuant to a first lien credit agreement by and among the Company, PDC and other guarantors party thereto, and a syndicate of banks and other financial institutions, with Jefferies Finance LLC as administrative agent, and Fifth Third
Bank as revolver agent, swing line lender and L/C issuer. The Guarantees are second priority senior secured obligations of the Guarantors. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Notes rank
equally in right of payment with all of the Company&#146;s senior debt and will be senior in right of payment to all existing and future Subordinated Indebtedness (as defined in the Indenture) of the Company. The Guarantees rank equally in right of
payment with all of each Guarantor&#146;s senior debt and will be senior in right of payment to all existing and future Subordinated Indebtedness (as defined in the Indenture) of that Guarantor. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Notes and the Guarantees will have the benefit of the second-priority security interest in the Collateral (as defined in the Indenture). The Collateral
consists, subject to certain exceptions as set forth in the Indenture, of substantially all of the Company&#146;s and the Guarantors&#146; property and assets that secure the Company&#146;s and the Guarantors&#146; obligations under the Senior
Secured Credit Facilities. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On or after December&nbsp;1, 2016, the Company, at its option, may redeem the Notes upon the terms, at the redemption prices
and upon notice as described in the Indenture. With limited exceptions, prior to that date, the Company may redeem the Notes only upon payment of a Make-Whole Price (as defined in the Indenture). </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Indenture governing the Notes contains covenants that, among other things, restrict the Company&#146;s and PDC&#146;s ability, and the ability of the
Company&#146;s restricted subsidiaries, to: </P> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">sell assets or merge or consolidate with or into other companies; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">borrow money; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="2%" VALIGN="top" ALIGN="left">&#149;</TD>
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<TD ALIGN="left" VALIGN="top">incur liens; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">pay dividends or make other distributions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">make other restricted payments and investments; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">place restrictions on the ability of certain of the Company&#146;s subsidiaries to pay dividends or other payments to the Company; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">enter into sale and leaseback transactions; </TD></TR></TABLE> <P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD WIDTH="1%" VALIGN="top">&nbsp;</TD>
<TD ALIGN="left" VALIGN="top">amend particular agreements relating to the Company&#146;s transaction with the Appvion, Inc. Retirement Savings and Employee Stock Ownership Plan; and </TD></TR></TABLE>
<P STYLE="font-size:6pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
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<TD ALIGN="left" VALIGN="top">enter into transactions with certain affiliates. </TD></TR></TABLE> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">These covenants are subject to important exceptions and
qualifications set forth in the Indenture. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">If the Company experiences certain change of control events, as described in the Indenture, the Company must
offer to repurchase the Notes at 101% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. If the Company sells assets under certain circumstances described in the Indenture, and
subject to certain exceptions, the Company must offer to repurchase the Notes at 100% of their principal amount, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Indenture provides for customary events of default. In the case of an event of default arising from specified events of bankruptcy or insolvency, all
outstanding debt will become due and payable immediately without further action or notice. If any other event of default under the Indenture occurs or is continuing, the Trustee or holders of at least 25% in aggregate principal amount of the then
outstanding Notes may declare all the Notes to be due and payable immediately. </P>

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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The Notes were issued in reliance upon Section&nbsp;4(2) of the Securities Act of 1933, as amended (the
&#147;Securities Act&#148;), and Regulation&nbsp;S under the Securities Act. The Notes and the Guarantees have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The description above of the Indenture is qualified in its entirety by reference to the complete text of the
Indenture, a copy of which is filed as Exhibit 4.1 to this report and incorporated herein by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Second Lien Collateral Agreement </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;19, 2013, the Company and PDC (together with the Company, the &#147;Grantors&#148;) entered into a second lien collateral agreement (the
&#147;Collateral Agreement&#148;) in favor of the Collateral Agent. Pursuant to the Collateral Agreement and subject to the certain exceptions contained therein, the Grantors have granted a continuing second-lien security interest in substantially
all of their respective present and future assets in order to secure the prompt and complete payment, observance and performance of, among other things, their respective obligations under the Notes. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The description above of the Collateral Agreement is qualified in its entirety by reference to the complete text of the Collateral Agreement, a copy of which
is filed as Exhibit 4.2 to this report and incorporated herein by reference. </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Second Lien Collateral Agreement (Canada) </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;19, 2013, Appvion Canada entered into a second lien collateral agreement (the &#147;Canadian Collateral Agreement&#148;) in favor of the
Collateral Agent. Pursuant to the Canadian Collateral Agreement and subject to the certain exceptions contained therein, Appvion Canada has granted a continuing second-lien security interest in substantially all of its present and future personal
property in order to secure the prompt and complete payment, observance and performance of, among other things, its obligations under the Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The
description above of the Canadian Collateral Agreement is qualified in its entirety by reference to the complete text of the Canadian Collateral Agreement, a copy of which is filed as Exhibit 4.3 to this report and incorporated herein by reference.
</P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Intercreditor Agreement </B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">On November&nbsp;19, 2013,
in connection with Appvion&#146;s entry into the Indenture and the issuance of the Notes, the Company, PDC and Appvion Canada, Jefferies Finance LLC, as first lien collateral agent, and U.S. Bank National Association, as second lien collateral
agent, entered into an Intercreditor Agreement (the &#147;Intercreditor Agreement&#148;). The Intercreditor Agreement establishes various inter-lender terms, including without limitation priority of liens, permitted actions by each party, exercise
of remedies in the case of a default, application of proceeds, releases of collateral, and certain restrictions with respect to providing or endorsing a financing in the event of any insolvency. </P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The description above of the Intercreditor Agreement is qualified in its entirety by reference to the complete text of the Intercreditor Agreement, a copy of
which is filed as Exhibit 4.4 to this report and incorporated herein by reference </P> <P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>Item&nbsp;1.02. Termination of a Material Definitive Agreement.
</B></P> <P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Also on November&nbsp;19, 2013, in connection with the closing of the issuance and sale of the Notes, notices of redemption were sent to
(i)&nbsp;holders of all the $32,195,000 outstanding aggregate principal amount of the Company&#146;s 9<SUP STYLE="vertical-align:top">&nbsp;3</SUP>&#8260;<SUB STYLE="vertical-align:bottom">4</SUB>% Senior Subordinated Notes due 2014 (the
&#147;Senior Subordinated Notes&#148;), the terms of which were governed by the indenture dated as of June&nbsp;11, 2004 (as amended, supplemented or otherwise modified from time to time, the &#147;Senior Subordinated Notes Indenture&#148;) among
Appvion, Inc., the guarantors named therein and U.S. Bank National Association, as trustee, and (ii)&nbsp;holders of all the $161,766,000 outstanding aggregate principal amount of the Company&#146;s 11.25% Second Lien Notes due 2015 (the
&#147;Second Lien Notes&#148;), the terms of which were governed by the indenture dated as of September&nbsp;30, 2009 (as amended, supplemented or otherwise modified from time to time, the &#147;Second Lien Notes Indenture&#148;) among the Company,
the guarantors named therein and U.S. Bank National Association, as trustee and collateral agent. The redemption date for both the Senior Subordinated Notes and the Second Lien Notes will be December&nbsp;19, 2013. The redemption price for the
Senior Subordinated Notes will be 100% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date, equal to $1.0833 per $1,000.00 principal amount. The redemption price for the Second Lien Notes will
be (i)&nbsp;100% of the principal amount thereof, plus a make-whole premium, which will be determined on December&nbsp;17 (two business days preceding the redemption date), based on a 50 basis point spread over the yield to maturity of a reference
two-year U.S. Treasury security, and plus accrued and unpaid interest to, but not including, the redemption date, equal to $1.25 per $1,000.00 principal amount. On November&nbsp;19, 2013, the Company irrevocably deposited funds with U.S.
</P>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">
Bank National Association, as trustee under the Senior Subordinated Notes Indenture or the Second Lien Notes Indenture, as applicable, in an amount equal to the sum of (a)&nbsp;the aggregate
redemption price for the Senior Subordinated Notes and (b)&nbsp;the estimated aggregate redemption price for the Second Lien Notes. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Each of the Senior
Subordinated Notes Indenture and the Second Lien Notes Indenture was satisfied and discharged, and the collateral securing the obligations of the Company and the guarantors thereunder was released, on November&nbsp;19, 2013. </P>
<P STYLE="margin-top:18pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman"><B>ITEM&nbsp;2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF REGISTRANT </B></P>
<P STYLE="margin-top:6pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">The information set forth in Item&nbsp;1.01 of this report is incorporated by reference into this Item&nbsp;2.03. </P>
<P STYLE="font-size:18pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" BORDER="0" CELLPADDING="0" CELLSPACING="0" WIDTH="100%">
<TR>
<TD WIDTH="9%" VALIGN="top" ALIGN="left"><B>ITEM&nbsp;9.01</B></TD>
<TD ALIGN="left" VALIGN="top"><B>FINANCIAL STATEMENTS AND EXHIBITS </B></TD></TR></TABLE> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD WIDTH="2%"></TD>
<TD VALIGN="bottom" WIDTH="2%"></TD>
<TD WIDTH="11%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="84%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">(d)</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Exhibit 4.1</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Indenture, dated as of November&nbsp;19, 2013, among Appvion, Inc., as issuer, each of the guarantors identified therein and U.S. Bank National Association, as trustee and collateral agent, governing the 9.000% Second Lien Senior
Secured Notes due 2020.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Exhibit 4.2</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Second Lien Collateral Agreement, dated as of November 19, 2013, by and among Appvion, Inc., Paperweight Development Corp. and U.S. Bank National Association.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Exhibit 4.3</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Second Lien Collateral Agreement (Canada), dated as of November 19, 2013, by and between Appvion Canada, Ltd. and U.S. Bank National Association.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top"></TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Exhibit 4.4</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;&nbsp;</FONT></TD>
<TD VALIGN="top">Intercreditor Agreement, dated as of November 19, 2013, by and among Appvion, Inc., Paperweight Development Corp., Appvion Canada, Ltd., Jefferies Finance LLC and U.S. Bank National Association.</TD></TR>
</TABLE>

<p Style='page-break-before:always'>
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 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>SIGNATURES </B></P>
<P STYLE="margin-top:12pt; margin-bottom:0pt; text-indent:4%; font-size:10pt; font-family:Times New Roman">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. </P> <P STYLE="margin-top:12pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman">Date: November&nbsp;22, 2013 </P>
<P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P><DIV ALIGN="right">
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="40%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt">


<TR>
<TD WIDTH="12%"></TD>
<TD VALIGN="bottom" WIDTH="1%"></TD>
<TD WIDTH="87%"></TD></TR>


<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" COLSPAN="3">Appvion, Inc.</TD></TR>
<TR>
<TD HEIGHT="16"></TD>
<TD HEIGHT="16" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">By:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom"> <P STYLE="margin-top:0pt; margin-bottom:1pt; border-bottom:1px solid #000000; font-size:10pt; font-family:Times New Roman">/s/ Thomas J. Ferree</P></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Name:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Thomas J. Ferree</TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top">Title:</TD>
<TD VALIGN="bottom"><FONT STYLE="font-size:8pt">&nbsp;</FONT></TD>
<TD VALIGN="bottom">Chief Financial Officer</TD></TR>
</TABLE></DIV>

<p Style='page-break-before:always'>
<HR  SIZE="3" style="COLOR:#999999" WIDTH="100%" ALIGN="CENTER">

 <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:10pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit Index </B></P> <P STYLE="font-size:12pt;margin-top:0pt;margin-bottom:0pt">&nbsp;</P>
<TABLE CELLSPACING="0" CELLPADDING="0" WIDTH="100%" BORDER="0" STYLE="BORDER-COLLAPSE:COLLAPSE; font-family:Times New Roman; font-size:10pt" ALIGN="center">


<TR>
<TD></TD>
<TD VALIGN="bottom" WIDTH="4%"></TD>
<TD WIDTH="88%"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:8pt">
<TD VALIGN="bottom" ALIGN="center"> <P STYLE="margin-top:0pt; margin-bottom:0pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>Exhibit</B></P>
<P STYLE="margin-top:0pt; margin-bottom:1pt; font-size:8pt; font-family:Times New Roman" ALIGN="center"><B>No.</B></P></TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="bottom" ALIGN="center"><B>Description</B></TD></TR>


<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit&nbsp;4.1</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Indenture, dated as of November&nbsp;19, 2013, among Appvion, Inc., as issuer, each of the guarantors identified therein and U.S. Bank National Association, as trustee and collateral agent, governing the 9.000% Second Lien Senior
Secured Notes due 2020.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit 4.2</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Second Lien Collateral Agreement, dated as of November 19, 2013, by and among Appvion, Inc., Paperweight Development Corp. and U.S. Bank National Association.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit 4.3</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Second Lien Collateral Agreement (Canada), dated as of November 19, 2013, by and between Appvion Canada, Ltd. and U.S. Bank National Association.</TD></TR>
<TR>
<TD HEIGHT="8"></TD>
<TD HEIGHT="8" COLSPAN="2"></TD></TR>
<TR STYLE="font-family:Times New Roman; font-size:10pt">
<TD VALIGN="top" NOWRAP>Exhibit 4.4</TD>
<TD VALIGN="bottom">&nbsp;&nbsp;</TD>
<TD VALIGN="top">Intercreditor Agreement, dated as of November 19, 2013, by and among Appvion, Inc., Paperweight Development Corp., Appvion Canada, Ltd., Jefferies Finance LLC and U.S. Bank National Association.</TD></TR>
</TABLE>
</BODY></HTML>
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{"company-data": {"conformed-name": "APPVION, INC.", "cik": "0001144326", "assigned-sic": "2670", "irs-number": "000000000", "fiscal-year-end": "1229"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-82084", "film-number": "131237538"}, "business-address": {"street1": "825 EAST WISCONSIN AVENUE", "city": "APPLETON", "state": "WI", "zip": "54912-0359", "phone": "9207349841"}, "mail-address": {"street1": "825 EAST WISCONSIN AVENUE", "city": "APPLETON", "state": "WI", "zip": "54912-0359"}, "former-company": {"former-conformed-name": "APPLETON PAPERS INC/WI", "date-changed": "20010705"}}
Form 8-K
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): November 22, 2013
Appvion, Inc.
(Exact
name of registrant as specified in its charter)
Delaware
333-82084
36-2556469
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(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))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
Second Lien Senior Secured Notes Indenture
On
November 19, 2013, Appvion, Inc. (the "Company") issued $250,000,000 aggregate principal amount of its 9.000% Second Lien Senior Secured Notes due 2020 (the "Notes"). The Notes mature on June 1, 2020 and will accrue
interest from the issue date at a rate of 9.000% per year, payable in cash semi-annually in arrears on each June 1 and December 1, beginning on June 1, 2014 The Notes were issued pursuant to an indenture, dated as of
November 19, 2013 (the "Indenture"), by and among the Company, each of the guarantors identified therein (collectively, the "Guarantors"), and U.S. Bank National Association, as trustee (in such capacity, the
"Trustee") and collateral agent (in such capacity, the "Collateral Agent").
The Company's obligations under the Notes are
guaranteed (the "Guarantees") by the Guarantors, which include the Company's parent company, Paperweight Development Corp. ("PDC"), the Company's Canadian subsidiary, Appvion Canada, Ltd. ("Appvion Canada"),
and any of the Company's other existing and future domestic and foreign subsidiaries that become guarantors or borrowers under the Company's $435 million senior secured credit facilities (the "Senior Secured Credit Facilities"),
established pursuant to a first lien credit agreement by and among the Company, PDC and other guarantors party thereto, and a syndicate of banks and other financial institutions, with Jefferies Finance LLC as administrative agent, and Fifth Third
Bank as revolver agent, swing line lender and L/C issuer. The Guarantees are second priority senior secured obligations of the Guarantors.
The Notes rank
equally in right of payment with all of the Company's senior debt and will be senior in right of payment to all existing and future Subordinated Indebtedness (as defined in the Indenture) of the Company. The Guarantees rank equally in right of
payment with all of each Guarantor's senior debt and will be senior in right of payment to all existing and future Subordinated Indebtedness (as defined in the Indenture) of that Guarantor.
The Notes and the Guarantees will have the benefit of the second-priority security interest in the Collateral (as defined in the Indenture). The Collateral
consists, subject to certain exceptions as set forth in the Indenture, of substantially all of the Company's and the Guarantors' property and assets that secure the Company's and the Guarantors' obligations under the Senior
Secured Credit Facilities.
On or after December 1, 2016, the Company, at its option, may redeem the Notes upon the terms, at the redemption prices
and upon notice as described in the Indenture. With limited exceptions, prior to that date, the Company may redeem the Notes only upon payment of a Make-Whole Price (as defined in the Indenture).
The Indenture governing the Notes contains covenants that, among other things, restrict the Company's and PDC's ability, and the ability of the
Company's restricted subsidiaries, to:
•
sell assets or merge or consolidate with or into other companies;
•
borrow money;
•
incur liens;
•
pay dividends or make other distributions;
•
make other restricted payments and investments;
•
place restrictions on the ability of certain of the Company's subsidiaries to pay dividends or other payments to the Company;
•
enter into sale and leaseback transactions;
•
amend particular agreements relating to the Company's transaction with the Appvion, Inc. Retirement Savings and Employee Stock Ownership Plan; and
•
enter into transactions with certain affiliates.
These covenants are subject to important exceptions and
qualifications set forth in the Indenture.
If the Company experiences certain change of control events, as described in the Indenture, the Company must
offer to repurchase the Notes at 101% of the principal amount, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date. If the Company sells assets under certain circumstances described in the Indenture, and
subject to certain exceptions, the Company must offer to repurchase the Notes at 100% of their principal amount, plus accrued and unpaid interest, if any, to, but excluding, the applicable repurchase date.
The Indenture provides for customary events of default. In the case of an event of default arising from specified events of bankruptcy or insolvency, all
outstanding debt will become due and payable immediately without further action or notice. If any other event of default under the Indenture occurs or is continuing, the Trustee or holders of at least 25% in aggregate principal amount of the then
outstanding Notes may declare all the Notes to be due and payable immediately.
The Notes were issued in reliance upon Section 4(2) of the Securities Act of 1933, as amended (the
"Securities Act"), and Regulation S under the Securities Act. The Notes and the Guarantees have not been registered under the Securities Act, and may not be offered or sold in the United States absent registration or an applicable
exemption from registration requirements.
The description above of the Indenture is qualified in its entirety by reference to the complete text of the
Indenture, a copy of which is filed as Exhibit 4.1 to this report and incorporated herein by reference.
Second Lien Collateral Agreement
On November 19, 2013, the Company and PDC (together with the Company, the "Grantors") entered into a second lien collateral agreement (the
"Collateral Agreement") in favor of the Collateral Agent. Pursuant to the Collateral Agreement and subject to the certain exceptions contained therein, the Grantors have granted a continuing second-lien security interest in substantially
all of their respective present and future assets in order to secure the prompt and complete payment, observance and performance of, among other things, their respective obligations under the Notes.
The description above of the Collateral Agreement is qualified in its entirety by reference to the complete text of the Collateral Agreement, a copy of which
is filed as Exhibit 4.2 to this report and incorporated herein by reference.
Second Lien Collateral Agreement (Canada)
On November 19, 2013, Appvion Canada entered into a second lien collateral agreement (the "Canadian Collateral Agreement") in favor of the
Collateral Agent. Pursuant to the Canadian Collateral Agreement and subject to the certain exceptions contained therein, Appvion Canada has granted a continuing second-lien security interest in substantially all of its present and future personal
property in order to secure the prompt and complete payment, observance and performance of, among other things, its obligations under the Notes.
The
description above of the Canadian Collateral Agreement is qualified in its entirety by reference to the complete text of the Canadian Collateral Agreement, a copy of which is filed as Exhibit 4.3 to this report and incorporated herein by reference.
Intercreditor Agreement
On November 19, 2013,
in connection with Appvion's entry into the Indenture and the issuance of the Notes, the Company, PDC and Appvion Canada, Jefferies Finance LLC, as first lien collateral agent, and U.S. Bank National Association, as second lien collateral
agent, entered into an Intercreditor Agreement (the "Intercreditor Agreement"). The Intercreditor Agreement establishes various inter-lender terms, including without limitation priority of liens, permitted actions by each party, exercise
of remedies in the case of a default, application of proceeds, releases of collateral, and certain restrictions with respect to providing or endorsing a financing in the event of any insolvency.
The description above of the Intercreditor Agreement is qualified in its entirety by reference to the complete text of the Intercreditor Agreement, a copy of
which is filed as Exhibit 4.4 to this report and incorporated herein by reference
Item 1.02. Termination of a Material Definitive Agreement.
Also on November 19, 2013, in connection with the closing of the issuance and sale of the Notes, notices of redemption were sent to
(i) holders of all the $32,195,000 outstanding aggregate principal amount of the Company's 9
3
⁄
4
% Senior Subordinated Notes due 2014 (the
"Senior Subordinated Notes"), the terms of which were governed by the indenture dated as of June 11, 2004 (as amended, supplemented or otherwise modified from time to time, the "Senior Subordinated Notes Indenture") among
Appvion, Inc., the guarantors named therein and U.S. Bank National Association, as trustee, and (ii) holders of all the $161,766,000 outstanding aggregate principal amount of the Company's 11.25% Second Lien Notes due 2015 (the
"Second Lien Notes"), the terms of which were governed by the indenture dated as of September 30, 2009 (as amended, supplemented or otherwise modified from time to time, the "Second Lien Notes Indenture") among the Company,
the guarantors named therein and U.S. Bank National Association, as trustee and collateral agent. The redemption date for both the Senior Subordinated Notes and the Second Lien Notes will be December 19, 2013. The redemption price for the
Senior Subordinated Notes will be 100% of the principal amount thereof, plus accrued and unpaid interest to, but not including, the redemption date, equal to $1.0833 per $1,000.00 principal amount. The redemption price for the Second Lien Notes will
be (i) 100% of the principal amount thereof, plus a make-whole premium, which will be determined on December 17 (two business days preceding the redemption date), based on a 50 basis point spread over the yield to maturity of a reference
two-year U.S. Treasury security, and plus accrued and unpaid interest to, but not including, the redemption date, equal to $1.25 per $1,000.00 principal amount. On November 19, 2013, the Company irrevocably deposited funds with U.S.
Bank National Association, as trustee under the Senior Subordinated Notes Indenture or the Second Lien Notes Indenture, as applicable, in an amount equal to the sum of (a) the aggregate
redemption price for the Senior Subordinated Notes and (b) the estimated aggregate redemption price for the Second Lien Notes.
Each of the Senior
Subordinated Notes Indenture and the Second Lien Notes Indenture was satisfied and discharged, and the collateral securing the obligations of the Company and the guarantors thereunder was released, on November 19, 2013.
ITEM 2.03 CREATION OF A DIRECT FINANCIAL OBLIGATION OR AN OBLIGATION UNDER AN OFF-BALANCE SHEET ARRANGEMENT OF REGISTRANT
The information set forth in Item 1.01 of this report is incorporated by reference into this Item 2.03.
ITEM 9.01
FINANCIAL STATEMENTS AND EXHIBITS
(d)
Exhibit 4.1
Indenture, dated as of November 19, 2013, among Appvion, Inc., as issuer, each of the guarantors identified therein and U.S. Bank National Association, as trustee and collateral agent, governing the 9.000% Second Lien Senior
Secured Notes due 2020.
Exhibit 4.2
Second Lien Collateral Agreement, dated as of November 19, 2013, by and among Appvion, Inc., Paperweight Development Corp. and U.S. Bank National Association.
Exhibit 4.3
Second Lien Collateral Agreement (Canada), dated as of November 19, 2013, by and between Appvion Canada, Ltd. and U.S. Bank National Association.
Exhibit 4.4
Intercreditor Agreement, dated as of November 19, 2013, by and among Appvion, Inc., Paperweight Development Corp., Appvion Canada, Ltd., Jefferies Finance LLC and U.S. Bank National Association.
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: November 22, 2013
Appvion, Inc.
By:
/s/ Thomas J. Ferree
Name:
Thomas J. Ferree
Title:
Chief Financial Officer
Exhibit Index
Exhibit
No.
Description
Exhibit 4.1
Indenture, dated as of November 19, 2013, among Appvion, Inc., as issuer, each of the guarantors identified therein and U.S. Bank National Association, as trustee and collateral agent, governing the 9.000% Second Lien Senior
Secured Notes due 2020.
Exhibit 4.2
Second Lien Collateral Agreement, dated as of November 19, 2013, by and among Appvion, Inc., Paperweight Development Corp. and U.S. Bank National Association.
Exhibit 4.3
Second Lien Collateral Agreement (Canada), dated as of November 19, 2013, by and between Appvion Canada, Ltd. and U.S. Bank National Association.
Exhibit 4.4
Intercreditor Agreement, dated as of November 19, 2013, by and among Appvion, Inc., Paperweight Development Corp., Appvion Canada, Ltd., Jefferies Finance LLC and U.S. Bank National Association.