Graphic Packaging To Offer $180 Million Of Senior Notes
August 14, 2009 (FinancialWire) — Graphic Packaging Holding Co.’s (NYSE: GPK) Graphic Packaging International, Inc. unit plans to offer $180 million of senior notes due 2017.
The company plans to use the net proceeds from the offering to redeem the roughly $180 million aggregate principal amount remaining of Graphic Packaging’s 8.50% senior unsecured notes due August 2011.
Graphic also plans to pay accrued interest on the 2011 notes, and to pay all fees and expenses incurred in connection with the offering and the redemption.
Marietta, Georgia-based Graphic Packaging International is a provider of packaging solutions for a range of products to food, beverage and other consumer products companies.
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