Cahill Represents Initial Purchasers in Graphic Packaging International’s $500 Million Notes Offering
Date: 05/13/24
Cahill represented the initial purchasers in connection with a Rule 144A offering of $500 million aggregate principal amount of 6.375% senior notes due 2032 by Graphic Packaging International, LLC, the primary operating subsidiary of Graphic Packaging Holding Company.
Proceeds from the offering were used to repay a portion of the outstanding borrowings under Graphic Packaging International, LLC’s domestic senior secured revolving credit facility; to pay fees and expenses related to the offering; and, to the extent there are any remaining proceeds, for general corporate purposes.
Graphic Packaging International, LLC is a leading sustainable consumer packaging provider and one of the largest producers of cartons and containers for the packaging of consumer goods and paperboard-based foodservice packaging solutions in the United States and Europe.