Georgia Gulf Announces Bank Amendment

ATLANTA--(Business Wire)--
Georgia Gulf Corporation (NYSE: GGC) today announced that it has received from
its senior secured lenders an amendment to its senior secured credit agreement
that allows the Company to continue to withhold interest payments due on its
2014 senior notes and 2016 senior subordinated notes without constituting a
default under such credit agreement until the earlier of June 15, 2009 or the
first day holders of such notes or its 2013 senior notes may accelerate the
indebtedness under such notes. Georgia Gulf previously announced that it had
withheld payment of $34.0 million of interest due April 15, 2009 for the 2014
senior notes and 2016 senior subordinated notes. All three of the Company's note
issues are the subject of previously disclosed and currently pending private
exchange offers. Under the indentures governing the 2014 senior notes and 2016
senior subordinated notes, Georgia Gulf has a 30-day grace period to pay the
withheld interest before the note holders can seek remedies. The Company is
currently in discussions with principal holders of each issue of its notes
seeking forbearance agreements to provide more time to negotiate the exchange
offers. If the Company does not obtain such forbearance agreements (and there
can be no assurance that such agreements will be obtained), and does not pay the
withheld interest, the indebtedness under the notes may be accelerated by the
holders on or after May 15, 2009. The Company`s current liquidity remains
essentially unchanged from the previously disclosed $100 million as of March 31,
2009.

An acceleration of indebtedness under any issue of the notes would constitute
cross defaults under the Company's other note issues and its senior secured
credit facility, permitting the holders of such debt to accelerate same. In the
event of any such acceleration, the Company would be required to immediately
explore alternatives which could include a potential reorganization or
restructuring under the bankruptcy laws. Further, in light of the security
interests the Company has granted to its senior secured lenders in its assets,
including its current assets, a default under the Company's senior secured
credit facility could materially adversely affect the Company's liquidity.

Georgia Gulf Corporation
Martin Jarosick, 770-395-4524
Investor Relations

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