94610--3/17/2009--SMURFIT-STONE_CONTAINER_ENTERPRISES

related topics

{debt, indebtedness, cash}

{cost, regulation, environmental}

{competitive, industry, competition}

{cost, contract, operation}

{operation, international, foreign}

{interest, director, officer}

{tax, income, asset}

{condition, economic, financial}

We filed for protection under Chapter 11 of the Bankruptcy Code and our Canadian subsidiaries filed to reorganize under the CCCA on January 26, 2009. Our liquidity position imposes significant risks to our operations. Global economic conditions and credit tightening materially and adversely affect our business. The Company may be required to record impairment on its long-lived assets. We have a highly leveraged capital structure. The terms of our DIP Credit Agreement may severely limit our ability to plan for or respond to changes in our business. Our industry is cyclical and highly competitive Our pension plans are underfunded and will require additional cash contributions. Price fluctuations in energy costs and raw materials could adversely affect our manufacturing costs. could hinder our ability to service our debt and meet our operating requirements. We are subject to environmental regulations and liabilities that could weaken our operating results and financial condition. Foreign currency risks and exchange rate fluctuations could hinder the results of our Canadian operations.

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94610--3/17/2009--SMURFIT-STONE_CONTAINER_ENTERPRISES_INC