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Graphic Packaging to launch $2 billion credit facility on Friday
By Sara Rosenberg
New York, Feb. 21 - Graphic Packaging International Inc. is set to hold a bank meeting on Friday to launch a proposed $2 billion credit facility, according to a market source.
Bank of America Merrill Lynch, SunTrust Robinson Humphrey Inc., Citigroup Global Markets Inc., Goldman Sachs & Co. and J.P. Morgan Securities LLC are the lead banks on the deal.
The facility consists of an $800 million revolver, an $800 million term loan A and a $400 million term loan B, the source said.
Proceeds will be used to refinance existing debt.
Graphic Packaging is a Marietta, Ga.-based provider of packaging solutions for food, beverage and other consumer products companies.
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