Packaging Corp. of America plans to price senior notes due 2024

By Aleesia Forni

Virginia Beach, Sept. 2 – Packaging Corp. of America is planning to price an offering of senior notes due 2024, according to a 424B3 filed with the Securities and Exchange Commission on Tuesday.

BofA Merrill Lynch, Wells Fargo Securities LLC and Deutsche Bank Securities Inc. are the bookrunners.

Proceeds will be used to repay a portion of the company’s term loan due October 2018.

The containerboard and corrugated products producer is based in Lake Forest, Ill.

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