debt
confidence high
sentiment neutral
materiality 0.50
Graphic Packaging prices $500M senior notes at 6.375% due 2032 to repay revolver
GRAPHIC PACKAGING HOLDING CO
- Issued $500M aggregate principal of senior notes due 2032 at par, interest rate 6.375%.
- Expected closing on or about May 13, 2024, with net proceeds of ~$493M after costs.
- Proceeds to repay a portion of outstanding borrowings under domestic senior secured revolver.
- Notes are senior unsecured obligations, guaranteed by Parent and certain domestic subsidiaries.
- Offering is private, exempt from SEC registration, under Rule 144A and Regulation S.