Packaging Corp Announces $500M Senior Notes Offering

The latest announcement is out from Packaging ( (PKG) ).

On August 11, 2025, Packaging Corporation of America priced a $500 million offering of 5.200% Senior Notes due 2035, with the issuance expected to close on August 15, 2025. The proceeds, estimated at $495.1 million after expenses, will be used to finance the acquisition of Greif, Inc.’s containerboard business. This strategic move aims to enhance the company’s market position, although the acquisition must be completed by June 30, 2026, or the notes will be subject to redemption.

The most recent analyst rating on (PKG) stock is a Hold with a $221.00 price target. To see the full list of analyst forecasts on Packaging stock, see the PKG Stock Forecast page.

Spark’s Take on PKG Stock

According to Spark, TipRanks’ AI Analyst, PKG is a Outperform.

PKG’s overall stock score reflects its strong financial performance and strategic initiatives, such as the acquisition of Greif’s containerboard business, which are expected to drive growth. While technical indicators suggest some short-term weakness, the company’s fair valuation and positive corporate events support a favorable outlook.

To see Spark’s full report on PKG stock, click here.

More about Packaging

Packaging Corporation of America operates in the packaging industry, primarily focusing on the production of containerboard and corrugated packaging products.

Average Trading Volume: 697,767

Technical Sentiment Signal: Buy

Current Market Cap: $17.68B

For a thorough assessment of PKG stock, go to TipRanks’ Stock Analysis page.