Most of the improved real property and the other assets used in the Company’s operations are owned.
−Removed: Certain of the owned property is subject to an encumbrance under the Company’s credit agreement (see Note 7 “Debt and Credit Agreements” to the Consolidated Financial Statements in Item 15 for more information).
+Added: Certain of the owned property is subject to an encumbrance under the ABL Facility.
+Added: See Note 7 “Debt and Credit Agreements” to the Consolidated Financial Statements in Item 15 for more information.
Tredegar considers the manufacturing facilities, warehouses and other properties and assets that it owns or leases to be in generally good condition.
15 unchanged sentences
Principal Operations
−Removed: Pottsville, Pennsylvania
−Removed: Richmond, Virginia (technical center) (leased)
−Removed: Guangzhou, China Production of plastic films
+Added: Pottsville, Pennsylvania Guangzhou, China Production of plastic films
Flexible Packaging Films
8 unchanged sentences
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.