Packaging Corp. to offer fixed-rate senior notes in two parts

By Devika Patel

Knoxville, Tenn., Nov. 18 – Packaging Corp. of America intends to offer fixed-rate senior notes in two tranches due 2029 and 2049, according to a 424B3 filing with the Securities and Exchange Commission.

The notes will have a make-whole call initially, then a par call.

Deutsche Bank Securities Inc. and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to redeem the company’s 2020 notes and 2022 notes.

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

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