Simpson Thacher represented Graham Packaging Company, L.P. and GPC Capital Corp. I in the Rule 144A/Regulation S offering of approximately $253 million of 8¼% Senior Notes due 2017, fully and unconditionally guaranteed by Graham Packaging Holdings Company and certain domestic subsidiaries of Graham Packaging Company, L.P. The deal closed on November 24, 2009. Graham Packaging used the net proceeds from the offering, along with cash on hand, to fully discharge its obligations with respect to its $250 million aggregate principal amount of existing 8.5% senior unsecured notes due 2012.
Graham Packaging is a worldwide leader in the design, manufacture and sale of value-added, custom blow molded plastic containers for branded consumer products companies. Its customers include well known brands such as PepsiCo, Gatorade, Tropicana and Dannon.
The Simpson Thacher team included Richard Fenyes, Andrea Andrezo, Lia Toback, Jeff Laretto and Lauren Yoon (Capital Markets); Gary Mandel and Jason Vollbracht (Tax); Marcela Robledo and Noah Richmond (Intellectual Property); Adeeb Fadil (Environmental); Alden Millard (Credit); Jennifer Nadborny (PCAP); and Gregory Grogan, Beth Understahl and Douglas Tang (Executive Compensation & Employee Benefits). Paralegal Alexandra Greene also provided valuable assistance.