York, Pennsylvania, USA, 18 November 2009 -- Graham Packaging Holdings Company today announced that its wholly-owned subsidiary, Graham Packaging Company, L.P., intends to offer USD 250 million aggregate principal amount of senior unsecured notes due 2016 (the "Notes"). Graham Packaging intends to use the net proceeds from the offering, along with cash on hand, to redeem the full USD 250 million aggregate principal amount of existing 8.5% senior unsecured notes due 2012. The Notes will be co-issued with Graham Packaging Company, L.P.'s subsidiary, GPC Capital Corp. I, and guaranteed by Graham Packaging and certain domestic subsidiaries of Graham Packaging Company, L.P.
The Notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933, as amended, and to non-U.S. persons in transactions outside the United States under Regulation S of the Securities Act. The Notes have not been registered under the Securities Act, and, unless so registered, may not be offered or sold in the United States absent registration or an applicable exemption from, or in a transaction not subject to, the registration requirements of the Securities Act and other applicable securities laws.
For more information, visit www.grahampackaging.com.