Graphic Packaging to draw under revolver to fund Cascades asset buy

By Tali Rackner

Norfolk, Va., Dec. 11 – Graphic Packaging International Inc. plans to use borrowings under its revolving line of credit and existing cash to fund its acquisition of several folding carton converting and paperboard mill assets from Cascades' Norampac Division in Canada, according to a press release.

Graphic Packaging International is a wholly owned subsidiary of Graphic Packaging Holding Co., a Marietta, Ga.-based provider of packaging products to food, beverage and other consumer products companies.

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