Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2014 > News item |
Graphic Packaging plans to redeem $250 million 7 7/8% notes at 103.938
By Susanna Moon
Chicago, Oct. 23 – Graphic Packaging International Inc. plans to redeem its $250 million principal amount of 7 7/8% senior notes due 2018, according to a 424B5 filing with the Securities and Exchange Commission.
The redemption price will be 103.938% of par plus accrued interest to but excluding the redemption date.
Funding for the redemption will come from an issue of $250 million principal amount of senior notes due 2022.
The company also plans to use some proceeds to repay debt under the dollar portion of its senior secured revolving credit facility and to redraw the amounts under the facility to redeem the notes.
Graphic Packaging is a Marietta, Ga.-based provider of packaging services for food, beverage and other consumer products companies.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.