India, May 6 -- Graphic Packaging Holding Co. (GPK) announced on Monday that its subsidiary, Graphic Packaging International, LLC, has initiated a private offering to sell $500 million aggregate principal amount of Senior Notes, due 2032.
The company stated that the offering is made in reliance upon an exemption from the registration requirements of the Securities Act of 1933, subject to market and other conditions.
The Senior Notes will be guaranteed by Parent and Field Container Queretaro (USA), L.L.C., as well as by any of Graphic Packaging's other current and future significant domestic subsidiaries.
Graphic Packaging plans to utilize the net proceeds from the offering to repay a portion of the outstanding borrowings under its domest...