Graphic Packaging unit enters loan deal tied to USD 115.2 million tax-exempt green bonds due 2064 - GPK News | RalliesGraphic Packaging unit enters loan deal tied to USD 115.2 million tax-exempt green bonds due 2064
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GPK• Loan agreement tied to tax-exempt green bonds
- Graphic Packaging Holding’s main operating unit entered a loan agreement with Mission Economic Development Corp. on Sept. 3, 2026.
- The financing is tied to MEDC’s offering of USD 115.2 million tax-exempt “green” bonds due 2064, with a mandatory purchase date of June 1, 2030.
- The bonds were priced at a 2.68% premium with a 5% coupon; net proceeds are about USD 116.2 million, with an equivalent all-in yield of 4.17%.
- Proceeds are earmarked to pay down the company’s higher-cost senior secured revolving facility.
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