Graham Packaging offering $250M of senior unsecured notes

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6 min. ago

By Paula Holzman
11/18/2009 10:51 AM

1,780 views

Graham Packaging Co. will offer $250 million in senior unsecured notes due in 2016, its parent company, Graham Packaging Holdings Co., said today.

The Springettsbury Township-based firm plans to use proceeds from the offering, plus cash on hand, to refinance $250 million of debt due in 2012.

The privately owned company earlier this month announced plans for a $350 million initial public offering, but has not set a date for the transaction.

Graham Packaging makes plastic containers for food, automotive and household products.

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Graham Packaging offering $250M of senior unsecured notes

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