Exhibit 99.1
Graphic Packaging Announces Senior Notes Offering
MARIETTA, Ga., Sept 15, 2010 /PRNewswire via COMTEX/ Graphic Packaging International, Inc.
(Graphic Packaging), a wholly-owned subsidiary of Graphic Packaging Holding Company (NYSE: GPK),
announced today that, in connection with its cash tender offer for up to $250.0 million aggregate
principal amount of its 9.50% senior subordinated notes due August 2013 (2013 notes), it intends
to offer, subject to market conditions, $250.0 million aggregate principal amount of Senior Notes
due 2018 in an underwritten, registered public offering.
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
its obligations under its senior credit facilities and existing notes.
The net proceeds from the offering, together with cash on hand, will be used solely to refinance,
through a tender offer, $250.0 million aggregate principal amount of the 2013 notes. To the extent
that there are net proceeds remaining after purchasing any 2013 notes tendered, or if the tender
offer is not consummated, Graphic Packaging intends to use the net proceeds from the offering to
redeem 2013 notes pursuant to the terms of the indenture governing the 2013 notes.
The offering and sale of the Senior Notes is being made pursuant to a shelf registration statement
on Form S-3 previously filed with the Securities and Exchange Commission (SEC) and that has
previously been declared effective.
BofA Merrill Lynch, J.P. Morgan Securities LLC, Goldman, Sachs & Co. and Deutsche Bank Securities
Inc. are acting as joint book-running managers for the offering of the Senior Notes.
The Senior Notes offering may be made only by means of a preliminary prospectus supplement and the
accompanying prospectus. When available, a copy of the preliminary prospectus supplement and
accompanying prospectus related to the Senior Notes offering may be obtained from any of the
following:
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BofA Merrill Lynch, Attention: Syndicate Department, 4 World Financial Center, Mail
Code: NY3-004-07-09, 250 Vesey Street, 7th Floor, New York, NY 10080, telephone:
800-294-1322, e-mail: dg.Prospectus_Distribution@baml.com. |
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J.P. Morgan Securities LLC, Attention: Syndicate Desk, 383 Madison Avenue, New York, NY
10179, telephone: 800-245-8812, email: prospectus@jpmchase.com |
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Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY
10282, telephone: 866-471-2526, facsimile: 212-902-9316 or by email:
prospectus-ny@ny.email.gs.com |
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Deutsche Bank Securities Inc., Attention: Prospectus Department, 60 Wall Street, New
York, NY 10005, telephone: 1- 800-503-4611, email: prospectus.cpdg@db.com |
Graphic Packaging has filed a registration statement (including a prospectus and, with regard to
the Senior Notes offering, a preliminary prospectus supplement dated September 15, 2010) with the
Securities and Exchange Commission for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration statement and other documents Graphic
Packaging has filed with the Securities and Exchange Commission for more complete information about
Graphic Packaging and the Senior Notes offering. You may get these documents for free by visiting
EDGAR on the SEC Web site at www.sec.gov. Alternatively, Graphic Packaging, any underwriter or any
dealer participating in the Senior Notes offering will arrange to send you the relevant prospectus,
when available, if you request it by calling Graphic Packagings Investor Relations department at
(770) 644-3000.
This press release does not constitute an offer to sell or the solicitation of an offer to buy the
Senior 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 one of
the largest producers of folding cartons and holds a leading market position in coated-recycled
boxboard and specialty bag packaging. The companys customers include some of the most widely
recognized companies in the world. Additional information about Graphic Packaging, its business and
its products, is available on the companys web site at http://www.graphicpkg.com.
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 tender offer and the senior notes offering,
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, 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,
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including the continued availability of the companys net operating loss offset to taxable income,
and 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.
SOURCE Graphic Packaging Holding Company
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