Packaging Corp. to redeem all $400 million of notes with new offering

By Tali David

Minneapolis, June 21 - Packaging Corp. of America plans to redeem or retire all $400 million of its outstanding 2013 notes with the proceeds of a new senior offering, according to a 424B3 filed with the Securities and Exchange Commission.

The company will also use cash on hand and/or borrowings under its revolving credit facility to redeem the notes.

Packaging Corp. is a Lake Forest, Ill.-based manufacturer of containerboard and packaging.

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