secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2025-08-06T23:59:59+00:00
Accession:  0001193125-25-174557
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 1.02, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000119312525174557/0001193125-25-174557-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000119312525174557/d19330d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-174557

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