Graphic Packaging International, LLC, a wholly owned subsidiary of Graphic Packaging International Partners, LLC, announced its plan for a Senior Notes Offering. The company is initiating a private offering to sell $500 million of Senior Notes, set to mature in 2032. This offering, termed “Senior Notes Offering,” is being conducted independently of the registration demands established by the Securities Act of 1933, with careful consideration of current market conditions and other relevant factors.
The Senior Notes, once issued, will represent an unsecured senior obligation of Graphic Packaging. The guarantee for these notes extends to Graphic Packaging’s existing senior notes due in 2024, 2026, 2027, 2028, 2029, and 2030. The obligations involve several subsidiaries under the Fourth Amended and Restated Credit Agreement, with Bank of America, N.A., acting as agent representative.
The proceeds from this Senior Notes Offering will be used to repay a portion of outstanding loans under the company’s domestic senior securities revolving credit facility. Additionally, funds will be allocated to fees and costs associated with the offering, with any remaining funds contributing to the overall efficiency and growth of the company.
It is crucial to note that the Senior Notes Offering is only available to qualified institutional purchasers under Rule 144A and non-U.S. individuals as specified by Regulation S. The Senior Notes and guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction, and they may not be offered or sold within the United States without proper registration or an applicable exemption.
This press release is for informational purposes only and does not constitute an offer to sell or solicit an offer to buy the Senior Notes Offering. It does not constitute an offer, solicitation, or sale in any jurisdiction where such actions would be unlawful.
Headquartered in Atlanta, Georgia, Graphic Packaging Holding Company is a leader in consumer packaging solutions, committed to environmental sustainability and innovation. Serving globally recognized brands across various industries, Graphic Packaging continues to deliver high-quality products while maintaining its dedication to sustainability.
The company advises caution regarding forward-looking statements, emphasizing that they are subject to risks and uncertainties. Updates will be provided as required by law. For more detailed information, stakeholders are encouraged to review the company’s filings with the Securities and Exchange Commission.