debt
confidence high
sentiment neutral
materiality 0.60
Graphic Packaging launches $500M senior notes offering to refinance revolver debt
GRAPHIC PACKAGING HOLDING CO
- Offered $500M in senior notes due 2032 via private placement to qualified institutional buyers.
- Net proceeds to repay outstanding borrowings under domestic senior secured revolving credit facility.
- Notes are senior unsecured, guaranteed by parent and material domestic subsidiaries.
- Company obtained commitments to amend/extend its senior secured credit facility; expects completion by June 1, 2024.
- Offer limited to qualified institutional buyers and non-US persons under Rule 144A/Regulation S.