Graphic Packaging Obtains Amendment to Financial Covenants
18 October 2005 - 9:08AM
PR Newswire (US)
MARIETTA, Ga., Oct. 17 /PRNewswire/ -- Graphic Packaging
International, Inc. today announced that the Company has obtained
an amendment to its $1.6 billion Credit Agreement to relax the
terms of its Consolidated Interest Expense Ratio and its
Consolidated Leverage Ratio covenants. "We appreciate the continued
support of our lenders. The additional covenant flexibility
provided by the amendment will enable management to focus on the
Company's operations as opposed to its financial covenants," said
Stephen M. Humphrey, the Company's President and Chief Executive
Officer. The specific terms of the amendment were included in a
Form 8-K filed with the Securities and Exchange Commission on
October 14, 2005. About Graphic Packaging International, Inc.
Graphic Packaging International, Inc., headquartered in Marietta,
Georgia, is a leading provider of paperboard packaging solutions to
multinational food, beverage and other consumer products companies.
The Company's customers include some of the most widely recognized
companies in the world. Additional information about Graphic
Packaging, its business and its products is available on the
Company's web site at http://www.graphicpkg.com/. DATASOURCE:
Graphic Packaging International, Inc. CONTACT: Investors, W. Scott
Wenhold of Graphic Packaging Corporation, +1-770-644-3062 Web site:
http://www.graphicpkg.com/ Company News On-Call:
http://www.prnewswire.com/comp/747676.html
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