Graham Packaging to launch term loan at Wednesday bank meeting

By Paul A. Harris

St. Louis, Sept. 7 - Graham Packaging Co. Inc. plans to hold a bank meeting on Wednesday for a new $300 million term loan D, according to market sources.

Citigroup and Deutsche Bank are the leads.

Proceeds will be used to help finance the acquisition of Liquid Container LP.

The acquisition financing is also expected to involve an extension of Graham Packaging's existing term loan B.

Additional financing is expected to come in the form of new high-yield bonds.

Graham Packaging is a York, Pa.-based designer, manufacturer and seller of technology-based, customized blow molded plastic containers.

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