Exhibit 99.1
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CONTACT: |
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Scott Wenhold +1-770-644-3062 |
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Vice President and Treasurer |
PRESS RELEASE:
Graphic Packaging Announces Senior Notes Offering
Marietta, Georgia August 13, 2009 Graphic Packaging International, Inc. (Graphic
Packaging), a wholly-owned subsidiary of Graphic Packaging Holding Company (NYSE:GPK), announced
today that it intends to offer, pursuant to Rule 144A and Regulation S under the Securities Act of
1933, as amended, $180 million aggregate principal amount of Senior Notes due 2017.
The Senior Notes will be guaranteed by Graphic Packaging Holding Company and Graphic Packaging
Corporation, as well as by certain of Graphic Packagings domestic subsidiaries who have guaranteed
obligations under its senior credit facilities, existing notes and certain other indebtedness.
The net proceeds from the offering will be used to redeem the remaining approximately $180 million
aggregate principal amount of Graphic Packagings 8.50% senior unsecured notes due August 2011, to
pay accrued interest on the 2011 notes, and to pay all fees and expenses incurred in connection
with the offering and the redemption.
The new Senior Notes have not been registered under the Securities Act of 1933, as amended, or the
securities laws of any state and may not be offered or sold in the United States absent
registration or an applicable exemption from the registration requirements under the Securities Act
and any applicable state securities laws.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the
notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such
offer, solicitation or sale is unlawful.
About Graphic Packaging International, Inc.
Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company
(NYSE:GPK), headquartered in Marietta, Georgia, is a leading provider of packaging solutions for a
wide variety of products to food, beverage and other consumer products companies. The company is
the largest global producer of folding cartons and holds a leading market position in coated
unbleached kraft paperboard, coated-recycled boxboard and specialty bag packaging. The companys
customers include some of the most widely recognized companies in the world. The company strives to
provide our customers with packaging solutions designed to deliver marketing and performance
benefits at a competitive cost by capitalizing on our low cost paperboard mills and converting
plants, proprietary carton and packaging designs and commitment to customer service. Additional
information about Graphic Packaging, its business and its products is available on the companys
web site at www.graphicpkg.com.
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Forward Looking Statements
Any statements of the Companys expectations in this press release constitute forward-looking
statements as defined in the Private Securities Litigation Reform Act of 1995. Such statements,
including but not limited to, statements regarding the senior note offering and the redemption, are
based on currently available information and are subject to various risks and uncertainties that
could cause actual results to differ materially from the Companys present expectations. These
risks and uncertainties include, but are not limited to, uncertainties relating to the execution of
the senior note offering and the redemption, the Companys substantial amount of debt, inflation of
and volatility in raw material and energy costs, volatility in the credit and securities markets,
cutbacks in consumer spending that could affect demand for the Companys products or actions taken
by our customers in response to the difficult
economic environment, continuing pressure for lower cost products, the Companys ability to
implement its business strategies, including productivity initiatives and cost reduction plans,
currency movements and other risks of conducting business internationally, and the impact of
regulatory and litigation matters, including those that impact the Companys ability to protect and
use its intellectual property. Undue reliance should not be placed on such forward-looking
statements, as such statements speak only as of the date on which they are made and the Company
undertakes no obligation to update such statements. Additional information regarding these and
other risks is contained in the Companys periodic filings with the SEC.