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Graphic Packaging gets $400 million incremental delayed-draw loan
By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – Graphic Packaging International, LLC obtained a $400 million incremental delayed-draw term loan A-4 on Wednesday, according to an 8-K filing with the Securities and Exchange Commission.
The incremental term loan is available to be drawn in a single draw through Jan. 4, 2022 and will bear interest at Libor plus 87.5 basis points.
The term loan A-4 will mature on the earliest of 15 months after funding and the fifth business day after receipt by the company of proceeds from an issuance of bonds with proceeds of at least $350 million. It is subject to a 12-month extension option.
Bank of America, NA is the administrative agent.
Graphic Packaging is an Atlanta-based consumer packaging manufacturer.
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