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Graphic Packaging redeems 4¾% senior notes due April 15
By Rebecca Melvin
New York, Jan. 20 – Graphic Packaging International, LLC redeemed in full its 4¾% senior notes due April 15, 2021 on Jan. 15, using proceeds of a $425 million senior secured incremental term loan facility, as well as cash on hand, according to an 8-K filing with the Securities and Exchange Commission.
The incremental term loan facility was obtained on Oct. 15, 2020 for this purpose.
The maturity date of the facility is Jan. 15, 2028, and borrowings bear interest at a fixed annual rate of 2.67%.
Graphic Packaging is an Atlanta-based consumer packaging manufacturer.
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