Graphic Packaging To Raise $735M Via Debt Offering

  • Graphic Packaging Holding Company's GPK subsidiary, Graphic Packaging International LLChas launched an offering to sell $400.0 million of its senior notes due 2030 and €290.0 million of its senior notes due 2029 in a private offering.
  • The Senior Notes will be guaranteed by Graphic Packaging International Partners LLC and by Graphic Packaging's existing and future material domestic subsidiaries.
  • Graphic Packaging expects to use the net proceeds to repay the loan incurred for the acquisition of AR Packaging Group AB, a Swedish limited liability company.
  • Price Action: GPK shares closed higher by 1.48% at $20.54 on Friday.
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