Graphic Packaging International makes tender offer for 8½% notes

By Jennifer Chiou

New York, June 1 - Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Co., announced the launch of a cash tender offer for up to $225 million of its 8½% senior notes due August 2011.

The offer ends at 8 a.m. ET on June 29.

Those who tender prior to 5 p.m. ET on June 12 will be entitled to receive $1,021.25 for each $1,000 principal amount of notes, including an early tender payment of $30.00.

If holders tender more than $225 million of notes, they will be accepted on a pro rata basis.

Graphic Packaging said it intends to finance the tender offer with the net cash proceeds from an offering of $245 million of senior notes due 2017.

Banc of America Securities LLC is the dealer manager (888 292-0070 or call collect 980 388-9217). The information agent is Global Bondholder Services Corp. (866 795-2200 or call collect 212 430-3774).

Graphic Packaging is a Marietta, Ga., paperboard packaging company.

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