- 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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