Packaging Corp. to repay five-year term loan via new notes offering

By Tali Rackner

Norfolk, Va., Sept. 2 – Packaging Corp. of America plans to use the proceeds from a senior notes offering to repay a portion of its five-year term loan, according to a 424B3 filing with the Securities and Exchange Commission.

The term loan was borrowed to partially fund the acquisition of Boise Inc.

Packaging Corp. of America is based in Lake Forest, Ill., and makes containerboard and corrugated packaging products.

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