PCA enters $1.6B in new credit facilities to fund Greif Acquisition

PACKAGING CORP OF AMERICA

New $500M 3-year term loan and $600M 5-year revolver (Commercial Credit) plus $500M 7-year term loan (Farm Credit) for total new facilities of $1.6B.
Proceeds from term loans will be used to fund the Greif Acquisition; revolving facility for working capital and general corporate purposes.
Old credit agreement (due June 2026) terminated; no borrowings outstanding except $27.5M in letters of credit.
Interest rates: SOFR + 0.805%-1.500% (commercial term loan) and SOFR + 1.85%-2.35% (farm term loan); tied to PCA's credit ratings.

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