Exhibit 99.2
CONTACT:
Scott Wenhold +1-770-644-3062
Vice President and Treasurer
Scott Wenhold +1-770-644-3062
Vice President and Treasurer
PRESS RELEASE:
Graphic Packaging Announces Pricing of Senior Notes Offering
Marietta, Georgia – June 3, 2009 – Graphic Packaging International, Inc. (“Graphic Packaging”), a
wholly-owned subsidiary of Graphic Packaging Holding Company (NYSE:GPK), 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.
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.
About Graphic Packaging International, Inc.
Graphic Packaging International, Inc., a subsidiary of Graphic Packaging Holding Company
(NYSE:GPK), headquartered in Marietta, Georgia, is a leading provider of packaging solutions for a
wide variety of products to food, beverage and other consumer products companies. The company is
the largest global producer of folding cartons and holds a leading market position in coated
unbleached kraft paperboard, coated-recycled boxboard and specialty bag packaging. The company’s
customers include some of the most widely recognized companies in the world. The company strives to
provide our customers with packaging solutions designed to deliver marketing and performance
benefits at a competitive cost by capitalizing on our low cost paperboard mills and converting
plants, proprietary carton and packaging designs and commitment to customer service. Additional
information about Graphic Packaging, its business and its products is available on the company’s
web site at www.graphicpkg.com.
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Forward Looking Statements
Any statements of the Company’s expectations in this press release constitute “forward-looking
statements” as defined in the Private Securities Litigation Reform Act of 1995. Such statements,
including but not limited to, statements regarding the senior note offering and the tender offer,
are based on currently available information and are subject to various risks and uncertainties
that could cause actual results to differ materially from the Company’s present expectations. These
risks and uncertainties