Business News

Graphic Packaging Announces Senior Notes Offering

Friday 14. August 2009 - Graphic Packaging International, Inc. ("Graphic Packaging"), a wholly-owned subsidiary of Graphic Packaging Holding Company (NYSE: GPK), announced today that it intends to offer, pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, $180 million aggregate principal amount of Senior Notes due 2017.

The Senior Notes will be guaranteed by Graphic Packaging Holding Company and Graphic Packaging Corporation, as well as by certain of Graphic Packaging’s domestic subsidiaries who have guaranteed obligations under its senior credit facilities, existing notes and certain other indebtedness.
The net proceeds from the offering will be used to redeem the remaining approximately $180 million aggregate principal amount of Graphic Packaging’s 8.50% senior unsecured notes due August 2011, to pay accrued interest on the 2011 notes, and to pay all fees and expenses incurred in connection with the offering and the redemption.
The new Senior Notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.