Exhibit 99.1
CONTACT:
Brad Ankerholz +1-770-644-3062
Vice President and Treasurer
Brad Ankerholz +1-770-644-3062
Vice President and Treasurer
PRESS RELEASE:
Graphic Packaging Announces Acceptance and Payment for Early Tender
from Holders of 9.50% Senior Subordinated Notes Due 2013
from Holders of 9.50% Senior Subordinated Notes Due 2013
Marietta, Georgia — September 29, 2010 — Graphic Packaging International, Inc. (“Graphic
Packaging”), a subsidiary of Graphic Packaging Holding Company (NYSE:GPK), announced today that it
has accepted for purchase tenders of $209,825,000 aggregate principal amount of its 9.50% Senior
Subordinated Notes due 2013 (CUSIP No. 38869PAD6) (the “Notes”). The Notes accepted for purchase
were tendered at or prior to 5:00 p.m. New York City time, on Tuesday, September 28, 2010 (the
“Early Tender Date”), pursuant to Graphic Packaging’s previously announced tender offer for the
Notes. The terms and conditions of the tender offer are set forth in Graphic Packaging’s Offer to
Purchase and related Letter of Transmittal dated as of September 15, 2010 (the “Offer to
Purchase”).
As previously announced in the press release on September 15, 2010, the tender offer will expire at
8:00 a.m., New York City time, on Thursday, October 14, 2010, unless extended (the “Expiration
Date”).
As set forth in the Offer to Purchase, Graphic Packaging will accept for purchase only such portion
of each holder’s validly tendered Notes such that the aggregate principal amount of Notes purchased
in connection with the tender offer does not exceed $250,000,000. If holders tender more than
$40,175,000 aggregate principal amount of the Notes after the Early Tender Date and prior to the
Expiration Date, and the Notes are accepted for purchase, the amount of Notes that will be
purchased will be prorated based on the aggregate principal amount of Notes validly tendered in the
tender offer after the Early Tender Date. Pursuant to the Offer to Purchase, tendered Notes may not
be withdrawn. All Notes tendered but not accepted for purchase will be promptly returned to
tendering holders.
Holders whose Notes have been accepted for purchase on the Early Tender Date will be entitled to
receive $1,018.33, payable in cash, for each $1,000.00 principal amount of Notes accepted for
purchase, as well as accrued and unpaid interest to, but not including, the early settlement date.
Graphic Packaging will settle payment for the Notes accepted for purchase on the Early Tender Date
today. Holders who validly tender their Notes after the Early Tender Date but on or prior to the
Expiration Date will receive $988.33, payable in cash, for each $1,000 principal amount of Notes
accepted for purchase, as well as accrued and unpaid interest to, but not including, the final
settlement date. Graphic Packaging expects to settle payment for any remaining Notes accepted for
purchase on October 14, 2010.
Graphic Packaging has retained Banc of America Securities LLC as the exclusive dealer manager in
connection with the tender offer. Graphic Packaging has retained Global Bondholder Services
Corporation to serve as the depository agent and information agent for the tender offer. Questions
regarding the tender offer and requests for documents may be directed to Banc of America Securities
LLC, Global Debt Advisory Services, at (888) 292-0070 (U.S. toll-free) and (980) 388-9217
(collect). Copies of the Offer to Purchase and related Letter of Transmittal may also be obtained
from the information agent, Global Bondholder Services Corporation at (866) 807-2200 (U.S.
toll-free) and (212) 430-3774 (collect).
This press release shall not constitute an offer to purchase or a solicitation of an offer to
purchase with respect to any securities. Any such offer or solicitation will be made only by means
of the Offer to Purchase dated September 15, 2010.