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Graphic Packaging Announces Pricing Of Senior Notes Offering

ATLANTA, March 25, 2013 /PRNewswire/ --  Graphic Packaging International, Inc. ("Graphic Packaging"), a wholly-owned subsidiary of Graphic Packaging Holding Company (NYSE: GPK), announced that it has entered into an agreement to sell $425 million aggregate principal amount of its senior unsecured notes due 2021 (the "Senior Notes") in a registered public offering. The Senior Notes will bear interest at an annual rate of 4.75% and will be issued at par. Graphic Packaging expects to close the offering on April 2, 2013, 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 which have guaranteed obligations under its senior credit facilities and its existing notes.

Graphic Packaging estimates that the net proceeds from this offering will be approximately $418.8 million, after deducting the underwriters' discount. The net proceeds from the offering will be used, together with cash on hand, to refinance through a redemption in June 2013 all $425 million aggregate principal amount of Graphic Packaging's 9.50% senior notes due 2017. 

BofA Merrill Lynch, J.P. Morgan, Citigroup, Goldman, Sachs & Co. and SunTrust Robinson Humphrey are acting as joint book-running managers for the offering and PNC Capital Markets, Rabo Securities and Regions Securities LLC are serving as co-managers.

A shelf registration statement (including a prospectus and prospectus supplement) relating to the offering of the Senior Notes has previously been filed with the Securities and Exchange Commission and has become effective. Before investing, you should read the prospectus, the prospectus supplement and other documents filed with the Securities and Exchange Commission for more complete information about Graphic Packaging and the offering of the Senior Notes. Copies of the prospectus and related prospectus supplement may be obtained by contacting any of the joint book running managers whose contact information is listed below. You may also obtain these documents free of charge by visiting the Securities and Exchange Commission's website at www.sec.gov

Joint Book Running Managers: 

BofA Merrill Lynch 222 Broadway New York, NY 10038Attention: Prospectus DepartmentEmail: dg.prospectus_requests@baml.com

J.P. Morgan Securities LLC Attention: Broadridge Financial Solutions 1155 Long Island Avenue Edgewood, New York 11717Tel: (866) 803-9204

Citigroupc/o Broadridge Financial Solutions1155 Long Island Avenue Edgewood, NY 11717Tel: 1-800-831-9146

Goldman, Sachs & Co.  Prospectus Department  200 West Street  New York, NY 10282  Telephone: 1-866-471-2526, facsimile: 212-902-9316  Email: prospectus-ny@ny.email.gs.com

SunTrust Robinson HumphreyAttention: High Yield Syndicate3333 Peachtree Road, 10th Floor Atlanta, GA 30326 Kevin.dewitt@suntrust.com

This press release does not constitute an offer to sell or the solicitation of an offer to buy the notes, nor shall it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale is unlawful.

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