secwatch.observer — SEC 8-K summary
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Issuer:     GRAPHIC PACKAGING HOLDING CO (GPK)
CIK:        0001408075
Form:       8-K
Filed at:   2026-02-27T23:59:59+00:00
Accession:  0001193125-26-077943
Event type: debt
Sentiment:  negative
Materiality: 0.80
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud

Graphic Packaging Amends Credit Agreement to Raise Leverage Covenant and Limit Share Buybacks
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- Leverage ratio covenant increased from 4.25x to 5.00x for quarters ending March–December 2026, then to 4.75x through June 2027.
- Annual share repurchases capped at $65 million during the specified period ending September 30, 2027.
- Additional restrictions placed on acquisitions and investments in non-guarantor subsidiaries during the specified period.
- New pricing tier added when leverage ratio is 4.75x or higher: Base Rate loans at 1.000% and Term SOFR at 2.000%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1408075/000119312526077943/0001193125-26-077943-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1408075/000119312526077943/d106221d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-077943

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