FORM 8-K - GRAPHIC PACKAGING HOLDING COMPANY

Graphic Packaging International, LLC, a subsidiary of Graphic Packaging Holding Company, has entered into a loan agreement with the Mission Economic Development Corporation (MEDC) for $115.2 million in tax-exempt "green" bonds. These bonds, due in 2064 with a mandatory purchase date in 2030, were issued at a premium with a 5.00% annual interest rate, resulting in net proceeds of approximately $116.2 million after fees. The equivalent all-in yield is 4.17%. These bonds are special, limited obligations of the MEDC, secured by payments from Graphic Packaging under the loan agreement. The proceeds will be used by the company to pay down its higher-cost senior secured revolving facility.