Graphic Packaging International, Inc. manufactures and supplies folding cartons, unbleached paperboard, coated recycled board, microwave packaging, and machinery for purchased food, beverages or other consumer products sectors. The company offers consumer packaging products, such as folding cartons, microwave cooking solutions, away from home, and strength solutions; beverage packaging systems, including fully enclosed cartons, wrap style, and basket and clip style products, as well as service and support; and specialty machinery, which include pick and place, hang tag applicators, clamshell labeling, sleeve wrapping, and consumer specialty machinery. It also provides paper and paperboard, c...
1500 Riveredge Parkway
Atlanta, GA 30328
Founded in 1978
Graphic Packaging International to Close Menasha Plant and to Layoff 230 Jobs
May 16 16
Graphic Packaging International will close its Menasha plant by the end of the year, which could lead to a layoff of up to 230 full and part time workers. The layoffs would be done in phases starting from July.
Graphic Packaging International, Inc. to Invest $20 Million to Expand its Operation in the City of Staunton
Feb 26 16
Governor Terry McAuliffe announced that Graphic Packaging International, Inc. will invest $20 million to expand its operation in the City of Staunton. The company is a leading provider of packaging solutions to food, beverage and other consumer products companies. The project will create 43 new jobs.
Graphic Packaging International, Inc. Enters into the Second Amended and Restated Credit Agreement
Oct 7 14
Effective October 2, 2014, Graphic Packaging International, Inc. and certain of its subsidiaries entered into the Second Amended and Restated Credit Agreement among Bank of America, N.A., as Administrative Agent, L/C Issuer, Swing Line Lender, Swing Line Euro Tranche Lender and Alternative Currency Funding Fronting Lender; Cooperatieve Centrale Raiffeisen-Boerenleenbank B.A., Rabobank Nederland" New York Branch, Suntrust Bank, JPMorgan Chase Bank, N.A. and Citibank, N.A., as Co-Syndication Agents; Compass Bank, as Documentation Agent; and the several lenders from time to time parties thereto. The Credit Agreement provides for a $1.0 billion amortizing term loan facility, a $1.25 billion revolving credit facility, a €138 million European revolving credit facility and a ¥2.5 billion Japanese revolving credit facility, all of which have a final maturity date of October 1, 2019. The term loan facility and the revolving credit facilities bear interest at an initial rate equal to the London Interbank Offered Rate (LIBOR) plus 1.5%. Thereafter the interest rate margin over LIBOR shall vary between 1.25% and 2.25% depending upon the Company's then current consolidated total leverage ratio. Under the terms of the Credit Agreement, until all amounts under the Credit Agreement are repaid in full and the same has been terminated, the company must comply with a maximum consolidated leverage ratio covenant and a minimum consolidated interest coverage ratio covenant. In addition, the Credit Agreement imposes restrictions on the company's ability to, among other things, incur additional indebtedness, create or permit liens on the company's assets, dispose of assets, make dividend and other restricted payments or prepay certain other indebtedness, make certain investments and acquisitions, engage in certain transactions with affiliates and change the business conducted by the company and its subsidiaries. Any failure by the company to comply with the covenants and obligations under the Credit Agreement could result in an event of default, in which case the lenders under the Credit Agreement may be entitled to declare all amounts owed to be due and payable immediately.