Graphic Packaging guides $300 million eight-year bullet notes to yield 4 1/8%-4¼%; pricing Monday

By Paul A. Harris

Portland, Ore., Aug. 8 – Graphic Packaging Holding Co. plans to price a $300 million offering of eight-year senior bullet notes on Monday, according to a market source.

Initial guidance has the notes coming with a 4 1/8% to 4¼% yield.

BofA Merrill Lynch; J.P. Morgan Securities LLC, Rabo Securities, SunTrust Robinson Humphrey Inc., Citigroup Global Markets Inc., TD Securities and Wells Fargo Securities LLC are the joint bookrunners for the public offering.

Fifth Third Securities, Goldman Sachs & Co., MUFG, PNC Capital Markets LLC, Regions Securities LLC, SMBC Nikko and BBVA are the co-managers.

The Marietta, Ga.-based provider of packaging products plans to use the proceeds for general corporate purposes, including repayment of short-term or long-term debt, acquisitions of or investments in businesses or assets, and for working capital or capital expenditures.

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