17.36 0.00 (0.00%)
After hours: 5:15PM EST
Previous Close | 16.70 |
Open | 16.76 |
Bid | 17.35 x 1300 |
Ask | 17.36 x 2900 |
Day's Range | 16.76 - 17.54 |
52 Week Range | 10.41 - 18.22 |
Volume | 3,351,873 |
Avg. Volume | 2,793,336 |
Market Cap | 4.648B |
Beta (5Y Monthly) | 1.20 |
PE Ratio (TTM) | 28.93 |
EPS (TTM) | 0.60 |
Earnings Date | Apr 27, 2021 |
Forward Dividend & Yield | 0.30 (1.80%) |
Ex-Dividend Date | Mar 12, 2021 |
1y Target Est | 19.20 |
Graphic Packaging International, LLC ("Graphic Packaging"), a direct wholly-owned subsidiary of Graphic Packaging International Partners, LLC and the primary operating subsidiary of Graphic Packaging Holding Company (NYSE: GPK), announced that it has entered into an agreement to sell $400.0 million aggregate principal amount of its senior secured notes due 2024 (the "2024 Notes") and $400.0 million aggregate principal amount of its senior secured notes due 2026 (the "2026 Notes" and, together with the 2024 Notes, the "Senior Notes") in a private offering in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The 2024 Notes will bear interest at an annual rate of 0.821% and the 2026 Notes will bear interest at an annual rate of 1.512%. The Senior Notes will be issued at par. Graphic Packaging expects to close the offering on or about March 8, 2021, subject to the satisfaction of customary closing conditions.
Rating Action: Moody's assigns Baa3 to Graphic Packaging's new senior secured notesGlobal Credit Research - 01 Mar 2021New York, March 01, 2021 -- Moody's Investors Service, ("Moody's") assigned a Baa3 rating to Graphic Packaging International, LLC's proposed senior secured notes due in 2024 and 2026. All other ratings will remain unchanged.The senior secured debt is rated Baa3 (one notch above the Ba1 CFR), reflecting its preferential position in the capital structure and the loss absorption cushion provided by the unsecured notes and other unsecured obligations. The notes are secured by the first priority liens on all of the assets of the issuer and the guarantors that also secure the company's and the guarantors' obligations under the credit agreements.
Graphic Packaging International, LLC ("Graphic Packaging"), a direct wholly-owned subsidiary of Graphic Packaging International Partners, LLC and the primary operating subsidiary of Graphic Packaging Holding Company (NYSE: GPK), announced today that it launched an offering to sell $400.0 million aggregate principal amount of its senior secured notes due 2024 (the "2024 Notes") and $400.0 million aggregate principal amount of its senior secured notes due 2026 (the "2026 Notes" and, together with the 2024 Notes, the "Senior Notes") in a private offering in reliance upon an exemption from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), subject to market and other conditions.