secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2023-11-30T23:59:59+00:00
Accession:  0001193125-23-285607
Event type: debt
Sentiment:  neutral
Materiality: 0.50
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PKG issues $400M of 5.700% Senior Notes due 2033 to refinance 2024 debt
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- Issued $400M aggregate principal of 5.700% Senior Notes due 2033; expected net proceeds ~$396M.
- Net proceeds plus cash on hand to redeem outstanding 3.650% Senior Notes due Sept 15, 2024.
- Underwriting agreement with Deutsche Bank Securities and Wells Fargo Securities as representatives.
- Pending redemption, net proceeds to be invested in short-term interest-bearing securities.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000119312523285607/0001193125-23-285607-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000119312523285607/d16849d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-23-285607

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