secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHIC PACKAGING HOLDING CO (GPK)
CIK:        0001408075
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001193125-24-040025
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graphic Packaging sells Augusta paperboard mill to Clearwater Paper for $700M
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- Purchase price $700M in cash, based on ~$100M Adjusted EBITDA at the Augusta facility.
- Transaction expected to close Q2 2024, subject to HSR and other regulatory approvals.
- Clearwater Paper to fund via cash on hand and committed debt; no financing condition.
- Graphic Packaging will continue bleached paperboard supply for foodservice from Texarkana.
- Definitive purchase agreement signed February 20, 2024; termination date February 20, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408075/000119312524040025/0001193125-24-040025-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408075/000119312524040025/d792998d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-040025

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