Graphic Packaging Prices Senior Notes Offering

 Graphic Packaging International, Inc. ("Graphic Packaging"), a wholly-owned subsidiary of Graphic Packaging Holding Company

, announced that it has entered into an agreement to sell $425 million aggregate principal amount of its senior unsecured notes due 2021 (the "Senior Notes") in a registered public offering. The Senior Notes will bear interest at an annual rate of 4.75% and will be issued at par. Graphic Packaging expects to close the offering on April 2, 2013, subject to the satisfaction of customary closing conditions. 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 which have guaranteed obligations under its senior credit facilities and its existing notes. Graphic Packaging estimates that the net proceeds from this offering will be approximately $418.8 million, after deducting the underwriters' discount. The net proceeds from the offering will be used, together with cash on hand, to refinance through a redemption in June 2013 all $425 million aggregate principal amount of Graphic Packaging's 9.50% senior notes due 2017.  BofA Merrill Lynch, J.P. Morgan, Citigroup, Goldman, Sachs & Co. and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering and PNC Capital Markets, Rabo Securities and Regions Securities LLC are serving as co-managers.