PCA completes $1.8B acquisition of Greif's containerboard business

PACKAGING CORP OF AMERICA

Acquisition closed Aug 31, 2025; includes two mills (~800K tons capacity) and eight plants across the U.S.
Purchase price funded with $300M cash on hand and $1.5B from new term loan facilities and senior notes.
On Sept 2, 2025, PCA fully drew down the Term Loan Facilities to finance the acquisition.
The acquired assets include two containerboard mills and eight sheet feeder and corrugated plants nationwide.

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