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Graphic Packaging seeks $300 million term loan A for stock repurchase
By Sara Rosenberg
New York, Dec. 11 - Graphic Packaging International Inc. is looking to get a $300 million add-on term loan A (Ba2/BBB), according to sources.
Bank of America Merrill Lynch, J.P. Morgan Securities LLC, Citigroup Global Markets Inc., SunTrust Robinson Humphrey Inc. and Goldman Sachs & Co. are leading the deal.
Proceeds will be used to repurchase up to $300 million of the company's common stock.
Graphic Packaging is a Marietta, Ga.-based provider of packaging services for food, beverage and other consumer products companies.
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