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Graphic Packaging International, Inc.

Marietta, Georgia, USA, 15 September 2010 -- PRNewswire -- Graphic Packaging International, Inc., a wholly-owned subsidiary of Graphic Packaging Holding Company (NYSE: GPK), announced today that, in connection with its cash tender offer for up to USD 250.0 million aggregate principal amount of its 9.50% senior subordinated notes due August 2013, it intends to offer, subject to market conditions, USD 250.0 million aggregate principal amount of senior notes due 2018 in a 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 Packaging's 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, USD 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:

  • 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, email: dg.Prospectus_Distribution@baml.com.
  • J.P. Morgan Securities LLC, Attention: Syndicate Desk, 383 Madison Avenue, New York, NY 10179, telephone: 800-245-8812, email: prospectus@jpmchase.com
  • Goldman, Sachs & Co., Attention: Prospectus Department, 200 West Street, New York, NY 10282, telephone: 866-471-2526, facsimile: 212-902-9316, email: prospectus-ny@ny.email.gs.com
  • Deutsche Bank Securities Inc., Attention: Prospectus Department, 60 Wall Street, New York, NY 10005, telephone: 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 15 September 2010) with the SEC for the offering to which this communication relates. Potential investors should read the prospectus in that registration statement and other documents Graphic Packaging has filed with the SEC for more complete information about Graphic Packaging and the Senior Notes offering. Those documents are available 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 the relevant prospectus, when available, if requested by calling Graphic Packaging's Investor Relations department at 770-644-3000.

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. Additional information about Graphic Packaging, its business, and its products, is available at http://www.graphicpkg.com.


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