{"schema_version":"secwatch.filing_event.v1","accession":"0001193125-25-174557","form_type":"8-K","ticker":"PKG","cik":"0000075677","company_name":"PACKAGING CORP OF AMERICA","filed_at":"2025-08-06T23:59:59+00:00","discovered_at":"2026-05-14T18:02:46.293039+00:00","generated_at":"2026-05-17T20:12:11.015230+00:00","sec_items":["1.01","1.02","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"PCA enters $1.6B in new credit facilities to fund Greif Acquisition","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001193125-25-174557","json":"https://secwatch.observer/filing/0001193125-25-174557.json","markdown":"https://secwatch.observer/filing/0001193125-25-174557.md","text":"https://secwatch.observer/filing/0001193125-25-174557.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/75677/000119312525174557/0001193125-25-174557-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/75677/000119312525174557/d19330d8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T20:12:11.015230+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"2c947fcdc11ea3030c10b0091dc5a23d2827bd41","claim":"PACKAGING CORP OF AMERICA incurred credit facility of $500 million three-year unsecured term loan facility and a $600 million unsecured revolving credit facility at Term SOFR Rate or the Base Rate plus the Applicable Margin maturing three-year unsecured term loan facility.","evidence_excerpt":"The Commercial Credit Agreement includes a $500 million three-year unsecured term loan facility and a $600 million unsecured revolving credit facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525174557/0001193125-25-174557-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$500 million three-year unsecured term loan facility and a $600 million unsecured revolving credit facility"},{"label":"Rate","value":"Term SOFR Rate or the Base Rate plus the Applicable Margin"},{"label":"Maturity","value":"three-year unsecured term loan facility"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"4215f4dc94e65ac1f2d0b54654d4fa596aa85003","claim":"PACKAGING CORP OF AMERICA incurred credit facility of $500 million seven-year unsecured term loan facility at Term SOFR Rate or the Base Rate plus the Applicable Margin maturing seven-year unsecured term loan facility.","evidence_excerpt":"The Farm Credit Agreement is a $500 million seven-year unsecured term loan facility.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/75677/000119312525174557/0001193125-25-174557-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"credit facility"},{"label":"Principal","value":"$500 million seven-year unsecured term loan facility"},{"label":"Rate","value":"Term SOFR Rate or the Base Rate plus the Applicable Margin"},{"label":"Maturity","value":"seven-year unsecured term loan facility"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}