Deal Details

Follow-On Offering

---

Summary

About

Graphic Packaging Holding Company (NYSE: GPK) (“Graphic Packaging” or the “Company”) recently announced the public offering of 47,000,000 shares of its common stock at $4.75 per share, representing gross proceeds of approximately $223.3 million and net proceeds of approximately $213.2 million after deducting estimated offering expenses. The underwriters have a 30-day overallotment option to purchase up to an additional 7,050,000 shares from the Company.

The Company will use the net proceeds from the offering to repurchase 6.5 million shares of common stock held by the Grover C. Coors Trust, or 7.475 million shares if the underwriters exercise their option to purchase additional shares of common stock in full. Additionally, Graphic Packaging intends to use approximately $53.5 million of the proceeds from the offering to acquire substantially all of the assets of Sierra Pacific Packaging, Inc., a producer of folding cartons, beverage carriers and corrugated boxes for the consumer packaged goods industry. The Company will use the remaining net proceeds to reduce its indebtedness and for general corporate purposes.

Graphic Packaging Holding Company, headquartered in Marietta, Georgia, is a leading provider of packaging solutions for a wide variety of products to food, beverage and other consumer products companies. The Company is one of the largest producers of folding cartons and holds a leading market position in coated-recycled boxboard and specialty bag packaging. Graphic Packaging’s customers include some of the most widely recognized companies in the world.

---

For additional information about this transaction, please contact: