Packaging Corporation of America
Packaging Corporation of America Announces Pricing of $500 Million Senior Notes Offering
Summary
On August 11, 2025, Packaging Corporation of America priced an offering of $500 million aggregate principal amount of its 5.200% Senior Notes due 2035. The Notes were issued under an indenture dated July 21, 2003. Net proceeds from the offering, after deducting underwriting discount and estimated offering expenses, are expected to be approximately $495.1 million. The Company intends to use these net proceeds, together with drawings on its term loan facilities and cash on hand, to finance the acquisition of the containerboard business of Greif, Inc. and for related transaction fees and expenses. The Notes will bear interest at a rate of 5.200% per year, payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2026.
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About Packaging Corporation of America
Packaging Corporation of America is a premier manufacturer and provider of packaging solutions in the United States. The company specializes in producing high-quality containerboard and corrugated packaging products. Its primary function is to offer sturdy and reliable packaging solutions that support businesses across various industries, ensuring their products are safely packaged for transport and storage. Known for its efficient and sustainable manufacturing processes, Packaging Corporation of America plays a significant role in the supply chain, servicing sectors like food and beverage, automotive, and electronics. With its extensive network of plants and distribution centers, the company ensures timely delivery and responsiveness to market demands. Headquartered in Lake Forest, Illinois, Packaging Corporation of America emphasizes eco-friendly practices, contributing to the growing trend of sustainability in packaging. Its commitment to quality and environmental responsibility makes it a notable entity within the industrial and materials segment of the financial market, reflecting its position as a vital component of modern logistics and commerce.
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