Graphic Packaging Announces Pricing of Senior Notes

Graphic Packaging International, Inc., a wholly-owned subsidiary of Graphic Packaging Holding Company GPK, announced that, in connection with its cash tender offer for up to $250 million aggregate principal amount of its 9.50% senior subordinated notes due August 2013, it has entered into an agreement to sell $250 million aggregate principal amount of its senior unsecured notes due 2018 in a registered public offering. The Senior Notes will bear interest at an annual rate of 7.875% and will be issued at par. Graphic Packaging expects to close the offering on September 29, 2010, 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 material domestic subsidiaries who have guaranteed obligations under its senior credit facilities and its existing senior notes.