Graphic Packaging To Raise $735M Via Debt Offering

by Shivani Kumaresan, Benzinga Staff Writer

November 8, 2021 6:43 AM | 1 min read |

Graphic Packaging Holding Company's GPK subsidiary, Graphic Packaging International LLC, has 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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