secwatch.observer — SEC 8-K summary
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Issuer:     PACKAGING CORP OF AMERICA (PKG)
CIK:        0000075677
Form:       8-K
Filed at:   2025-08-15T23:59:59+00:00
Accession:  0001193125-25-181330
Event type: debt
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/75677/000119312525181330/0001193125-25-181330-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/75677/000119312525181330/d42733d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-181330

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