ATLANTA (News release) -- Graphic Packaging International, LLC, a direct wholly-owned subsidiary of Graphic Packaging International Partners, LLC and the primary operating subsidiary of Graphic Packaging Holding Company, announced that it launched an offering to sell $400 million aggregate principal amount of its senior unsecured notes due 2028 (the "Senior Notes") in a private offering in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), subject to market and other conditions.

The Senior Notes will be senior unsecured obligations of Graphic Packaging. The Senior Notes will be guaranteed by Graphic Packaging International Partners, LLC and Field Container subsidiaries that guarantee obligations under its senior credit facilities and its existing senior Queretaro (USA), L.L.C., as well as by Graphic Packaging's future material domestic notes due 2021, 2022, 2024 and 2027.

Graphic Packaging intends to use the net proceeds from the offering to repay a portion of the outstanding borrowings under Graphic Packaging's revolving credit facility under its senior secured credit facility and for general corporate purposes.

The Senior Notes and the related guarantees will be offered and sold only to persons reasonably believed to be qualified institutional buyers in reliance on the exemption from registration set forth in Rule 144A under the Securities Act and outside the United States, to non-U.S. persons in reliance on the exemption from registration set forth in Regulation S under the Securities Act. The Senior Notes and the related guarantees have not been and will not be registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States without registration or an applicable exemption from registration requirements.