Welcome to our dedicated page for Graphic Packaging Hldg Co news (Ticker: GPK), a resource for investors and traders seeking the latest updates and insights on Graphic Packaging Hldg Co stock.
Graphic Packaging Holding Company (NYSE: GPK) is a manufacturing company focused on folding paperboard box manufacturing and paper-based consumer packaging. News related to Graphic Packaging often centers on its role as a global leader in sustainable consumer packaging and its efforts to design and produce packaging made primarily from renewable or recycled materials. Because the company serves widely recognized brands in food, beverage, foodservice, household, and other consumer products, developments at Graphic Packaging can be relevant to multiple consumer and industrial supply chains.
On this page, readers can follow company announcements about operating conditions, cost and production optimization initiatives, and strategic plans such as its Vision 2025 transformation and Vision 2030 priorities. Recent communications have included updates on weather-related and operational disruptions at paperboard manufacturing facilities, guidance commentary, and actions to adjust inventory and production levels. The company also issues press releases about dividends, earnings conference calls, and participation in investor conferences.
Governance and leadership updates are another important category of news for Graphic Packaging. The company has announced leadership transitions at the chief executive officer level and has responded publicly to communications from shareholders regarding board and management decisions. Such items provide context on how the Board of Directors and management team are approaching long-term strategy, capital allocation, and shareholder engagement.
Investors, analysts, and other stakeholders can use this news feed to monitor earnings releases, operational updates, capital allocation decisions, and corporate governance developments at Graphic Packaging. Regular review of these items can help build an understanding of how the company is executing its sustainable packaging strategy and managing its manufacturing and financial profile over time.
On November 9, 2021, Graphic Packaging announced a private offering of senior notes totaling $400 million and €290 million. The Dollar Notes will yield 3.750% interest while the Euro Notes will yield 2.625%. Proceeds, expected to close by November 19, 2021, will be used to repay existing loans related to the acquisition of AR Packaging Group AB. The offering is targeted at qualified institutional buyers and is exempt from certain registration requirements under the Securities Act.
Graphic Packaging announced a private offering of senior notes totaling $400 million and €290 million. The Dollar Notes will mature in 2030, while the Euro Notes will mature in 2029. Proceeds will be used to repay borrowings from an Incremental Term Loan related to the recent AR Packaging Group AB acquisition. The offering is aimed at qualified institutional buyers and will not be registered under the Securities Act, ensuring compliance with necessary regulations.
Graphic Packaging Holding Company (NYSE: GPK) has successfully completed its acquisition of AR Packaging Group AB, Europe's second-largest producer of fiber-based consumer packaging, as of November 2, 2021. This strategic move is expected to enhance Graphic Packaging's position in the market for sustainable fiber-based packaging alternatives, benefiting consumer packaged goods companies globally. Notably, AR Packaging reported net sales of approximately $1.1 billion, with operations across 30 factories in 13 countries.
Graphic Packaging Holding Company (NYSE: GPK) reported Q3 2021 net sales of $1,782 million, up from $1,698 million year-over-year. Net income rose to $73 million or $0.24 per share, compared to $64 million or $0.23 per share in Q3 2020. Adjusted EBITDA was $284 million, influenced by $53 million in pricing actions amidst $88 million in commodity inflation. The AR Packaging acquisition is set to close on November 1st.
Despite a strong demand for sustainable packaging, delayed sales due to supply chain issues impacted performance.
Graphic Packaging Holding Company (NYSE: GPK) has received all necessary regulatory approvals for its acquisition of AR Packaging Group AB, enhancing its position as a leading provider of sustainable fiber-based packaging solutions. Announced on May 14, 2021, the acquisition is set to complete in early November 2021, pending customary closing conditions. This strategic move aims to bolster market presence in the consumer packaging sector, focusing on sustainability. Graphic Packaging specializes in various fiber-based packaging solutions for the food, beverage, and consumer products industries.
Graphic Packaging Holding Company (NYSE: GPK) will announce its third quarter 2021 financial results before market opening on October 26, 2021. A conference call to discuss the results is scheduled for 10:00 a.m. ET. The details for listening via web or phone have been provided, requiring the conference ID 355606. Additionally, the company plans to release its fourth quarter and full year 2021 results on February 17, 2022. Graphic Packaging is a leading provider of sustainable fiber-based packaging solutions.
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Graphic Packaging International has announced a $100 million tax-exempt green bond offering, set to mature in 2061, through the Michigan Strategic Fund. The bonds will be issued at a price of 110.99 with a 4.0% interest rate, yielding 1.7% effectively. Net proceeds of approximately $109.5 million will help fund a $600 million project aimed at optimizing coated recycled board production in Kalamazoo, Michigan. This project will support environmental sustainability by improving water and energy use and reducing emissions.
Graphic Packaging Holding Company (NYSE: GPK) will be presenting at the 2021 RBC Capital Markets Global Industrials Virtual Conference on September 9, 2021, at 10:40 AM ET. Stephen R. Scherger, the Executive Vice President and CFO, will lead the discussion in a fireside chat format. The presentation can be accessed live and in replay via webcast on the Graphic Packaging website. The company specializes in sustainable fiber-based packaging solutions for various consumer products, making it one of the largest producers in the U.S.
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