Jun 04, 2009. /Lesprom Network/. Graphic Packaging International, Inc., a wholly-owned subsidiary of Graphic Packaging Holding Company, announced today that, in connection with its cash tender offer for up to $225 million aggregate principal amount of its 8.50% senior unsecured notes due August 2011, it has entered into an agreement to sell $245 million aggregate principal amount of its senior unsecured notes due 2017 (the "Senior Notes") offered pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended. The Senior Notes will bear interest at an annual rate of 9.50% and will be issued at a price equal to 97.292% of the principal amount thereof. Graphic Packaging expects to close the offering on June 16, 2009, subject to the satisfaction of customary closing conditions. The Senior Notes will be guaranteed by Graphic Packaging Holding Company and Graphic Packaging Corporation as well as by certain of Graphic Packaging's domestic subsidiaries who have guaranteed obligations under its senior credit facilities, existing notes and certain other indebtedness. Graphic Packaging estimates that the proceeds from this offering will be approximately $238.4 million, after deducting the original issue discount. The proceeds from the offering will be used to refinance, through a tender offer, $225 million aggregate principal amount of the 2011 notes in connection with the cash tender offer and to pay any applicable early tender premiums and offering expenses. The Senior Notes have not been registered under the Securities Act of 1933, as amended, or the securities laws of any state and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements under the Securities Act and any applicable state securities laws.