PKG prices $500M 5.200% Senior Notes due 2035 to fund Greif containerboard acquisition

PACKAGING CORP OF AMERICA

Issued $500M of 5.200% Senior Notes due August 15, 2035; net proceeds ~$495.1M.
Net proceeds, plus term loan draws and cash, will finance the Greif containerboard acquisition and related fees.
Notes redeemable at any time prior to May 15, 2035 at Treasury Rate plus 15bps make-whole premium.
If Greif acquisition not closed by June 30, 2026, company must redeem notes at 101% of principal plus accrued interest.
Notes are unsecured senior obligations; indenture limits liens, sale-leasebacks, and asset dispositions.

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