Broadpoint Capital, Inc., a broker-dealer subsidiary of Broadpoint Gleacher Securities Group, Inc. (NASDAQ:BPSG), said today that it served as joint book-running manager for a $305 million senior secured note offering for Appleton Papers Inc.

Appleton, based in Appleton, Wisconsin, is the world’s largest producer of carbonless paper and the only producer of the NCR PAPER* brand carbonless paper and the leading North American producer of thermal paper. The company has manufacturing operations in Wisconsin, Ohio, Pennsylvania and Massachusetts, and is entirely employee-owned.

Appleton used the $305 million offering, together with borrowings under its new senior secured revolving credit facility, to repay amounts outstanding under Appleton's existing credit facilities and to pay related fees and expenses. The offering closed on February 8, 2010.

“We appreciate the work of the team at Broadpoint.Gleacher to understand our unique needs and deliver an important and timely solution to meet our financing requirements,” said Thomas Ferree, Senior Vice President and Chief Financial Officer of Appleton Papers Inc.

“We value our ongoing relationship with Appleton and are pleased to provide access to our broad fixed-income distribution network, which resulted in stable financing for the company,” said Eric Gleacher, Chairman of Broadpoint.Gleacher.

The notes were offered in a private placement to "qualified institutional buyers" pursuant to Rule 144A under the Securities Act of 1933, as amended (the "Securities Act"), and outside the United States in reliance on Regulation S under the Securities Act.

The notes have not been and will not be registered under the Securities Act or any state securities laws, may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements, and will therefore be subject to substantial restrictions on transfer.

This press release is neither an offer to sell nor the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any security in any jurisdiction in which such offer, solicitation or sale would be unlawful.

*NCR PAPER is a registered trademark licensed to Appleton Papers Inc.

About Broadpoint.Gleacher

Broadpoint Gleacher Securities Group, Inc. (NASDAQ:BPSG) is an independent investment bank that provides corporations and institutional investors with strategic, research-based investment opportunities, capital raising, and financial advisory services, including merger and acquisition, restructuring, recapitalization and strategic alternative analysis services. The Company offers a diverse range of products through the Debt Capital Markets, Investment Banking and Broadpoint DESCAP divisions of Broadpoint Capital, Inc., its Equity Capital Markets subsidiary, Broadpoint AmTech, and FA Technology Ventures Inc., its venture capital subsidiary. For more information, please visit www.bpsg.com.

About Appleton

Appleton creates product solutions through its development and use of coating formulations, coating applications and encapsulation technology. Appleton produces carbonless, thermal, security and performance packaging products. Appleton, headquartered in Appleton, Wisconsin, has manufacturing operations in Wisconsin, Ohio, Pennsylvania, and Massachusetts, employs approximately 2,200 people and is 100 percent employee-owned. For more information, visit www.appletonideas.com

Forward Looking Statements

This press release contains "forward-looking statements." These statements are not historical facts but instead represent the Company's belief regarding future events, many of which, by their nature, are inherently uncertain and outside of the Company's control. The Company's forward-looking statements are subject to various risks and uncertainties, including the conditions of the securities markets, generally, and acceptance of the Company's services within those markets and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. It is possible that the Company's actual results and financial condition may differ, possibly materially, from the anticipated results and financial condition indicated in its forward-looking statements. You are cautioned not to place undue reliance on these forward-looking statements. The Company does not undertake to update any of its forward-looking statements.

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