Smurfit-Stone credit for bankruptcy filing

Patrick J. Moore, Chairman and Chief Executive Officer, said, "We believe that the DIP facility will provide the company with ample liquidity to operate throughout the restructuring process. We are pleased to have completed this initial phase of the process, and remain focused on providing our customers with an uninterrupted supply of quality goods and services, and strengthening our partnerships with our vendors. We are moving forward to restructure our debt and develop a capital structure more suited to support our long-term growth and profitability."