NYSE:GPKPackaging
Will Raised Leverage Limits and Tightened Buybacks Change Graphic Packaging Holding's (GPK) Capital Allocation Narrative?
On February 26, 2026, Graphic Packaging Holding amended its Fifth Amended and Restated Credit Agreement, temporarily lifting its maximum leverage covenant to as high as 5.00 to 1.00, while also adding a higher pricing tier, capping annual share repurchases at US$65,000,000, and tightening acquisition and investment limits through late 2027.
Alongside this balance sheet adjustment, the board affirmed a quarterly cash dividend of US$0.11 per share, signaling an ongoing commitment to returning...