Deals this week: Graphic Packaging International, BrewDog, International Paper Company

11 August 2016 (Last Updated August 11th, 2016 18:30)

Graphic Packaging International will raise $300m by placing eight-year senior notes in a public offering that is expected to complete on 11 August, subject to customary closing conditions.

BrewDog

Graphic Packaging International will raise $300m by placing eight-year senior notes in a public offering that is expected to complete on 11 August, subject to customary closing conditions.

Graphic Packaging International is a wholly-owned subsidiary of Graphic Packaging Holding Company and is a leading packaging manufacturer.

Bearing an interest rate of 4.125% payable semi-annually, the notes are guaranteed by Graphic Packaging Holding Company as well as some of its material domestic subsidiaries.

"BrewDog will raise $50m in a private placement through its wholly-owned subsidiary of BrewDog USA to grow its business in the US."

Scottish multi-national brewery BrewDog will raise $50m in a private placement through its wholly-owned subsidiary of BrewDog USA to grow its business in the US.

The company will offer 1,052,632 shares at a price of $47.50 each on a best efforts basis.

International Paper Company will raise $1.10bn by issuing a public offering of notes, due 2027, that is expected to be completed by the end of August. The notes bear a coupon rate of 3%, which is payable semi-annually.

In a separate offering, the company has issued notes due 2047 in a public offering to raise $1.2bn.


Image: BrewDog is a multination brewery based in Ellen, Scotland. Photo: courtesy of Billy Abbot.