Summary of Transactions:

• Glatfelter repaid in full its existing €220,000,000 term loan that would have matured in February 2024, ?thereby eliminating all near-term debt maturities.

• The Company amended its existing syndicated revolving credit facility led by PNC Bank National Association, as administrative agent, giving it access to a $250,000,000 revolving credit facility to finance working capital needs and a new covenant structure that reflects the Company’s current operating environment and liquidity.

With this refinancing, the Company meaningfully extends its debt maturity profile, with no material debt coming due prior to the maturity of the revolving credit facility in September 2026.

The financial flexibility gives the Company significant runway to execute its various initiatives before it needs to re-access the debt markets. ?“Today’s successful completion of our refinancing plan eliminates the execution risk from the financial markets and leaves Glatfelter and the management team 100% focused on implementing our turnaround strategy. Despite the recent volatile capital markets, we were able to achieve a positive outcome in combination with our long-standing relationship bank group and our new financing partners at Angelo Gordon.