Graphic Packaging restates $975 million term loans, revolving loans in three currencies

By Wendy Van Sickle

Columbus, Ohio, April 1 – Graphic Packaging International, LLC entered into an amended and restated credit agreement providing for $975 million of term loans, a $1.85 billion revolving credit facility, a €145 million revolver and a ¥1.65 billion revolver, according to an 8-K filing with the Securities and Exchange Commission.

The term loans include $550 million of restated A-1 term loans and $425 million of restated A-2 term loans.

The A-1 term loans and all revolving loans bear interest at Libor plus 125 basis points to 200 bps, based on consolidated total leverage ratio, and mature on April 1, 2026, extended from Jan. 1, 2023.

The A-2 loans bear interest at 2.67% and mature on their original maturity date of Jan. 14, 2028.

Bank of America NA is administrative agent and is a lead arranger and bookrunner along with CoBank, ACB, Fifth Third Bank, NA, Mizuho Bank, Ltd., PNC Capital Markets, LLC, Cooperatieve Rabobank UA, New York Branch, Sumitomo Mitsui Banking Corp., TD Securities USA LLC, Truist Securities Inc. and Wells Fargo Securities, LLC.

Graphic Packaging is an Atlanta-based consumer packaging manufacturer.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.