PCA Secures $1.5B Credit Facility

TL;DR

PCA just inked a new $1.5B credit line, replacing the old one. More cash flexibility.

AI Summary

On August 31, 2025, Packaging Corporation of America (PCA) entered into a new credit agreement, establishing a $1.5 billion revolving credit facility. This facility matures on August 31, 2030, and replaces their previous credit agreement dated June 28, 2021. The new agreement provides PCA with enhanced financial flexibility.

Why It Matters

This new credit facility provides Packaging Corporation of America with significant financial flexibility and liquidity, potentially enabling future investments or acquisitions.

Risk Assessment

Risk Level: low — The filing details a routine credit facility renewal, which is standard corporate financial management and does not indicate unusual risk.

Key Numbers

• $1.5B — Revolving Credit Facility (Amount of new financing secured by PCA)
• 2030 — Maturity Date (The new credit facility expires in 2030)

Key Players & Entities

• Packaging Corporation of America (company) — Registrant
• $1.5 billion (dollar_amount) — Revolving credit facility amount
• August 31, 2025 (date) — Effective date of new credit agreement
• August 31, 2030 (date) — Maturity date of the new credit facility
• June 28, 2021 (date) — Date of previous credit agreement

FAQ

From the Filing

0001193125-25-194049.txt : 20250902 0001193125-25-194049.hdr.sgml : 20250902 20250902163047 ACCESSION NUMBER: 0001193125-25-194049 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 12 CONFORMED PERIOD OF REPORT: 20250831 ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Other Events FILED AS OF DATE: 20250902 DATE AS OF CHANGE: 20250902 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PACKAGING CORP OF AMERICA CENTRAL INDEX KEY: 0000075677 STANDARD INDUSTRIAL CLASSIFICATION: PAPERBOARD CONTAINERS & BOXES [2650] ORGANIZATION NAME: 04 Manufacturing EIN: 364277050 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-15399 FILM NUMBER: 251285949 BUSINESS ADDRESS: STREET 1: 1 NORTH FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 BUSINESS PHONE: 8474823000 MAIL ADDRESS: STREET 1: 1 NORTH FIELD CT CITY: LAKE FOREST STATE: IL ZIP: 60045 8-K 1 d54236d8k.htm 8-K 8-K PACKAGING CORP OF AMERICA false 0000075677 0000075677 2025-08-31 2025-08-31     UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of report (Date of earliest event reported): August 31, 2025     Packaging Corporation of America (Exact name of registrant as specified in its charter)       Delaware   1-15399   36-4277050 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.) 1 N. Field Court , Lake Forest , Illinois 60045 (Address of Principal Executive Offices, including Zip Code) (847) 482-3000 (Registrant’s Telephone Number, Including Area Code)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2 (b) under the Exchange Act (17 CFR 240.14d-2 (b))   ☐ Pre-commencement communications pursuant to Rule 13e-4 (c) under the Exchange Act (17 CFR 240.13e-4 (c)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐ Securities registered pursuant to Section 12(b) of the Exchange Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   PKG   New York Stock Exchange       Item 2.03. Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant The disclosure under Item 8.01 is incorporated herein by reference.   Item 8.01. Other Events. Pursuant to the terms and conditions of the Purchase and Sale Agreement, dated June 30, 2025 (the “Purchase Agreement”), between Packaging Corporation of America (“PCA”), Greif, Inc. (“Greif”) and Greif Packaging LLC, PCA completed the acquisition (the “Acquisition”) of the containerboard business of Greif for approximately $1.8 billion in cash. The Greif containerboard business includes two containerboard mills with approximate