Graphic Packaging International is set to launch the sale of Senior Unsecured Notes valued at USD 400 Million in a Private Offering


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Independent Tech & news media Writer

Feb 26, 2020, 07:24 EST


Elkland, United States, Feb 26, 2020, 07:24 /Comserve / -- Graphic Packaging International, LLC had recently announced that it had launched a fresh offering of USD 400 million of senior unsecured notes due 2028 in the market.

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A new private offering for sale of senior unsecured notes worth USD 400 million in aggregate was announced by Graphic Packaging International, LLC, which is a wholly-owned subsidiary of Graphic Packaging International Partners, LLC. This is a private offering and is exempted from the registration requirements of the Securities Act, 1933 as amended (the “Securities Act”) and is subject to market and other conditions.

The Senior Notes are expected to obtain the guarantee of the holding company, Graphic Packaging International Partners, LLC along with Field Container subsidiaries that will be providing guarantee obligations under its senior credit facilities, apart from its existing senior Queretaro (USA), L.L.C. and Graphic Packaging’s future material domestic notes that are due in 2021, 2022, 2024 and finally 2027.

Graphic Packaging would be using the funds received from the offering towards repayment of a part of its loans that are outstanding and falling under Graphic Packaging’s revolving credit facility that comes under its senior secured credit facility and the balance being used for general corporate purposes.

The offering of Senior Notes along with the related guarantees would be made only to those individuals who come under the category of qualified institutional buyers. The exemption from registration has been set forth in Rule 144A under the Securities Act and outside the United States, in the case of non-U.S. persons relying on the exemption from registration that has been set forth in Regulation S falling under the Securities Act. The Senior Notes as well as the guarantees associated with them are not planned to be registered under the Securities Act or securities laws belonging to any other jurisdiction, including securities that may not planned to be offered or sold in the United States without registration or unless they are eligible to be exempt from the requirements of registration.

About Graphic Packaging International, LLC

Graphic Packaging International, LLC, a wholly-owned subsidiary of Graphic Packaging International Partners, LLC is having its operations at Atlanta, Georgia. It is one of the leading market players that is engaged in the business of providing paper-based packaging solutions that span a wide range of products for food, beverage and other consumer goods companies. The company is having its operations globally and is also among the biggest producers of folding cartons in the United States. 

Independent Tech & news media Writer


For more information, please contact:

Marlin Bode

Independent Tech & news media Writer
Email: bodemarlin@gmail.com
Tel: +1 814-302-1499

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