secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2025-07-01T23:59:59+00:00
Accession:  0001193125-25-153436
Event type: m_and_a
Sentiment:  positive
Materiality: 0.85
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

PCA to acquire Greif containerboard business for $1.8B cash; expected to close by Q3
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- Deal value $1.8B cash (8.5x LTM EBITDA of $212M; 6.6x including $60M synergies).
- Assets: two mills with ~800K tons capacity, eight plants, $1.2B LTM sales.
- Synergies estimated at $60M pre-tax, fully realized within 2 years; half in first year.
- Financing: $1.5B new debt plus cash; pro forma net debt/EBITDA ~1.7x; immediately accretive.
- PCA is third-largest containerboard producer; deal furthers profitable growth strategy.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000119312525153436/0001193125-25-153436-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000119312525153436/d864746d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-153436

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer