Graphic Packaging Announces Closing of $245 Million Senior Notes Offering

MARIETTA, Ga., June 16 /PRNewswire-FirstCall/ -- Graphic Packaging
International, Inc. ("Graphic Packaging"), a wholly-owned subsidiary of
Graphic Packaging Holding Company (NYSE: GPK), announced today the completion
of its previously announced private offering of $245 million aggregate
principal amount of its 9.50% senior notes due 2017 (the "Senior Notes"). The
Senior Notes are 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 (the "Guarantors").

The Senior Notes were sold only to qualified institutional buyers in
accordance with Rule 144A of the Securities Act of 1933, as amended, and
outside the United States to non-U.S. persons, in reliance on Regulation S.

The proceeds from this offering are 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.

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 include, but are
not limited to, the company's substantial amount of debt, inflation of and
volatility in raw material and energy costs, volatility in the credit and
securities markets, cutbacks in consumer spending that could affect demand for
the company's products or actions taken by our customers in response to the
difficult economic environment, continuing pressure for lower cost products,
the company's ability to implement its business strategies, including
productivity initiatives and cost reduction plans, currency movements and
other risks of conducting business internationally, and the impact of
regulatory and litigation matters, including those that impact the company's
ability to protect and use its intellectual property. Undue reliance should
not be placed on such forward-looking statements, as such statements speak
only as of the date on which they are made and the company undertakes no
obligation to update such statements. Additional information regarding these
and other risks is contained in the company's periodic filings with the SEC.

SOURCE Graphic Packaging International, Inc.

Scott Wenhold, Vice President and Treasurer of Graphic Packaging International
IR, +1-770-644-3062