July 28, 2014 1:13 AM ET

Containers and Packaging

Company Overview of Graphic Packaging International, Inc.

Company Overview

Graphic Packaging International, Inc. provides paperboard and integrated paperboard solutions to beverage and consumer products multinationals. The company offers carton form, fill, and close/seal machines; packaging containers, such as boxes/cartons/cases; packaging materials, including composites, combinations, and paperboard products; and basic materials, such as paper/board products. The company also provides paperboard and packaging machines. The company operates paper mills, converting facilities, and machinery manufacturing facilities. Graphic Packaging International, Inc. was formerly known as Riverwood International Corporation and changed its name to Graphic Packaging International...

1500 Riveredge Parkway

Suite 100

Atlanta, GA 30328

United States

Founded in 1978





Key Executives for Graphic Packaging International, Inc.

Chief Executive Officer
Age: 57
Chief Financial Officer and Senior Vice President
Age: 58
Chief Accounting Officer and Vice President
Age: 53
Senior Vice President
Age: 47
Senior Vice President of Consumer Packaging Division
Age: 49
Compensation as of Fiscal Year 2014.

Graphic Packaging International, Inc. Key Developments

Graphic Packaging International, Inc. Enters into Amendment No. 2 Relating to its Amended and Restated Credit Agreement

Graphic Packaging International, Inc. entered into an Amendment No. 2 relating to its Amended and Restated Credit Agreement dated as of March 16, 2012, as previously amended among Bank of America, N.A., as Administrative Agent, Swing Line Lender, L/C Issuer and Alternative Currency Funding Fronting Lender, and JP Morgan Chase Bank, N.A., Citibank, N.A., Goldman Sachs Bank USA and SunTrust Bank, as Co-Syndication Agents, and the several lenders from time to time party thereto. Pursuant to Amendment No. 2, the maturity date of the company’s existing $1.0 billion revolving credit facility, the company’s existing $1.0 billion term loan A facility and the company’s existing $300.0 million incremental term loan facility, have each been extended to September 13, 2018 (from March 16, 2017). Further, the interest rate margins under each facility have been reduced by 25 basis points to a range of between 1.50% and 2.50% for loans based upon the London Interbank Offered Rate, depending upon the company’s then current consolidated total leverage ratio. (Interest rate margins for loans utilizing the base rate option have been reduced in a corresponding fashion). Amendment No. 2 also adds a new €75.0 million revolving credit facility available to the company, Graphic Packaging International Europe Holdings, B.V., the company’s primary Dutch subsidiary, and Graphic Packaging International Limited, the company’s primary UK subsidiary. Borrowings under the Euro Facility will be made in Euros and Pounds Sterling and will have the same maturity and interest rate pricing as the company’s $1.0 billion revolving credit facility, as amended by Amendment No. 2. Amendment No. 2 also adds a new ¥2.50 billion revolving credit facility available to the company and Graphic Packaging International Japan Ltd., the company’s primary Japanese subsidiary. Borrowings under the Yen Facility will be made in Yen and will have the same maturity and interest rate pricing as the company’s $1.0 billion revolving credit facility, as amended by Amendment No. 2.

Graphic Packaging International, Inc. to Sell $425 Million Aggregate Principal Amount of its Senior Unsecured Notes Due 2021

Graphic Packaging International, Inc. announced that it has entered into an agreement to sell $425 million aggregate principal amount of its senior unsecured notes due 2021 in a registered public offering. The Senior Notes will bear interest at an annual rate of 4.75% and will be issued at par. Graphic Packaging expects to close the offering on April 2, 2013, subject to the satisfaction of customary closing conditions. The Senior Notes will be guaranteed by Graphic Packaging Holding Company and Graphic Packaging Corporation as well as by certain of Graphic Packaging's domestic subsidiaries which have guaranteed obligations under its senior credit facilities and its existing notes. Graphic Packaging estimates that the net proceeds from this offering will be approximately $418.8 million, after deducting the underwriters' discount. The net proceeds from the offering will be used, together with cash on hand, to refinance through a redemption in June 2013 all $425 million aggregate principal amount of Graphic Packaging's 9.50% senior notes due 2017.

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