secwatch.observer — SEC 8-K summary
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Issuer:     TREDEGAR CORP (TG)
CIK:        0000850429
Form:       8-K
Filed at:   2022-02-10T23:59:59+00:00
Accession:  0000850429-22-000002
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Tredegar initiates pension plan termination, contributes $50M to reduce underfunding
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- Board adopted resolution to terminate frozen defined benefit pension plan; process expected up to 24 months.
- Borrowed $50M under revolver on Feb 9, 2022 to contribute to plan, reducing underfunding.
- Estimated GAAP underfunding $69M as of Dec 31, 2021; expects ~$11M income tax benefit.
- Pension expense ~$14M in 2022 GAAP, zero for Credit EBITDA; administrative costs $4-5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/850429/000085042922000002/0000850429-22-000002-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/850429/000085042922000002/tg-20220210.htm
  HTML page:      https://secwatch.observer/filing/0000850429-22-000002

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