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Packaging Corp. of America 8-K Report, Financial Obligation (Sep 2, 2025)

Reports
Financial Events·Other Events
Filing Date
Filed September 2, 2025
Period End
August 31, 2025
Security
PKG
In the record · 2016–202610-K1110-Q328-K91

PKG filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 91 current reports (8-K) between 2016 and 2026.

  1. Impairment8-K · Aug ’17Aug ’17
  2. Impairment8-K · Jul ’20Jul ’20
  3. Leadership change8-K · Feb ’22Feb ’22
  4. Leadership change8-K · May ’24May ’24

01—Abstract

Summary

Summary of the 8-K filed September 2, 2025. Cited figures are marked; the original filing is the authoritative source.

Packaging Corporation of America (PKG) reported in this Form 8-K that it completed the acquisition of the containerboard business of Greif, Inc. and Greif Packaging LLC for approximately $1.8 billiona in cash.

The closing was effective August 31, 2025. The acquired business includes two containerboard mills with approximately 800,000 tons of production capacity and eight sheet feeder and corrugated plants located across the United States. The transaction was governed by a Purchase and Sale Agreement dated June 30, 2025.

PCA funded the purchase price with approximately $300 millionb of cash on hand and the net proceeds of $1.5 billion of new borrowings under term loan facilities and a previously disclosed senior note offering. On September 2, 2025, PCA fully drew down the Term Loan Facilities, which the filing describes as previously disclosed in separate Form 8-K filings dated August 6, 2025 and August 15, 2025.

For investors, the filing shows a material acquisition that expands PCA's containerboard and corrugated footprint, financed predominantly with new debt. The filing itself does not describe the strategic rationale or the effect on financial results.

02—Key points

Key Highlights

  1. Completed acquisition of Greif's containerboard business for approximately $1.8 billion in cash, effective August 31, 2025
  2. Acquired business includes two containerboard mills with approximately 800,000 tons of production capacity
  3. Acquired business also includes eight sheet feeder and corrugated plants located across the United States
  4. Purchase funded with approximately $300 million of cash on hand and $1.5 billion in net proceeder from new term loan facilities and a senior note offering
  5. Term Loan Facilities were fully drawn down on September 2, 2025
  6. Transaction governed by a Purchase and Sale Agreement dated June 30, 2025 among PCA, Greif, Inc. and Greif Packaging LLC

03—Questions

Frequently Asked Questions

  1. What did Packaging Corporation of America acquire?

    PCA acquired the containerboard business of Greif, Inc. This includes two containerboard mills with approximately 800,000 tons of production capacity and eight sheet feeder and corrugated plants located across the United States.

  2. How much did the acquisition cost and when did it close?

    The acquisition cost approximately $1.8 billion in cash. The closing was effective August 31, 2025.

  3. How is the acquisition being financed?

    PCA funded the purchase price with approximately $300 million of cash on hand and the net proceeds of $1.5 billion of new borrowings under term loan facilities and a previously disclosed senior note offering. The Term Loan Facilities were fully drawn on September 2, 2025.

  4. Where were the earlier terms of the deal disclosed?

    A description of the Purchase and Sale Agreement was included in Item 1.01 of PCA's Form 8-K dated July 3, 2025. The Term Loan Facilities were described in a Form 8-K dated August 6, 2025, and the senior note offering in a Form 8-K dated August 15, 2025.

04—Continue

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