Alston & Bird is counseling Graphic Packaging International Inc. in its offering of $180 million in senior unsecured notes, according to information from the company and the firm.
Led by partner W. Scott Ortwein, a team of lawyers including partners Justin R. Howard, Richard W. Grice and Paul M. Cushing, along with associates Brendan P. McGill and Bethany L. Cooper, worked on the transaction for the Marietta-based subsidiary of Graphic Packaging Holding Co.
Ortwein declined to comment on the deal because it has not yet closed.
This transaction is a follow-on to the $245 million offering Alston & Bird closed for the company in June. The net proceeds from this new offering, according to information from Graphic Packaging, will be used to redeem the remaining approximately $180 million aggregate principal amount of the company's 8.5 percent senior unsecured notes due in August 2011, and to pay accrued interest, fees and expenses connected to both the redemption and the offering.
This will be a private offering pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended, with the principal amount of the notes due in 2017. The notes will be guaranteed by Graphic Packaging Holding Co. and Graphic Packaging Corp.