---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-252051"
form_type: "8-K"
ticker: "TG"
cik: "0000850429"
company_name: "TREDEGAR CORP"
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:58:29.272874+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Tredegar completes sale of Terphane to Oben Group for $116M; expects $85M net proceeds

## Summary
- Sale closed Nov 1, 2024; total cash-free, debt-free base consideration of $116 million.
- After-tax net cash proceeds expected ~$85M: $78M at close plus ~$7M from escrow within 120 days.
- Proceeds required to pay down Tredegar's ABL facility; ABL repaid $59.6M in pro forma.
- Terphane was Tredegar's flexible packaging films business in Brazil; now reported as discontinued ops.
- Transition services agreement for payroll, finance, tax and IT to support ongoing Terphane operations.

## SEC filing metadata
- accession: 0001193125-24-252051
- form_type: 8-K
- ticker: TG
- cik: 0000850429
- company_name: TREDEGAR CORP
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.01, 1.01, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850429/000119312524252051/0001193125-24-252051-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850429/000119312524252051/d800587d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-252051
- JSON: https://secwatch.observer/filing/0001193125-24-252051.json
- Plain text: https://secwatch.observer/filing/0001193125-24-252051.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.