Davis Polk Advises Graham Packaging on Its $510 Million High-Yield Notes Offering and $1.575 Billion Credit Facility
8/4/2020

Davis Polk advised Graham Packaging Company Inc. on a Rule 144A/Regulation S offering of $510 million aggregate principal amount of its 7.125% senior notes due 2028. The notes are guaranteed by certain of Graham Packaging’s subsidiaries.

In addition, Davis Polk advised Graham Packaging Company Inc. on its $1.475 billion senior secured term loan facility and $100 million senior secured revolving credit facility with the administrative agent and the lenders from time to time party thereto.

Immediately prior to the offering and incurrence of the credit facilities, Graham Packaging was designated as an unrestricted subsidiary for purposes of Reynolds Group Holdings Limited’s existing indentures and credit facilities.

Graham Packaging is a leader in the design, manufacture and sale of custom, value-added and high performance containers for food, beverage, household and automotive products in North America.

The Davis Polk capital markets team included partners Byron B. Rooney and Pedro J. Bermeo and associates Jacqueline Marino, Michael F. Power and Joshua B. Pittell. The finance team included partner Meyer C. Dworkin and associates Christopher Nairn-Kim, Ao Chen, Emily Durling and Andrew T. Wilson. The tax team included partners David H. Schnabel and Patrick E. Sigmon. All members of the Davis Polk team are based in the New York office.