Obbligazione America Packaging Corp 6.5% ( US695156AN93 ) in USD

America Packaging Corp

100 USD ⇌

Stati Uniti

US695156AN93 ( in USD )

6.5% per anno ( pagato 2 volte l'anno)

15/03/2018 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Packaging Corp of America US695156AN93 in USD 6.5%, scaduta

2 000 USD

150 000 000 USD

695156AN9

NR

NR

Packaging Corp of America è una società americana produttrice di imballaggi in cartone ondulato e carta, operante principalmente nel Nord America.

The Obbligazione issued by America Packaging Corp ( United States ) , in USD, with the ISIN code US695156AN93, pays a coupon of 6.5% per year.
The coupons are paid 2 times per year and the Obbligazione maturity is 15/03/2018

The Obbligazione issued by America Packaging Corp ( United States ) , in USD, with the ISIN code US695156AN93, was rated NR by Moody's credit rating agency.

The Obbligazione issued by America Packaging Corp ( United States ) , in USD, with the ISIN code US695156AN93, was rated NR by Standard & Poor's ( S&P ) credit rating agency.

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm
424B5 1 a2184001z424b5.htm 424B5
QuickLinks -- Click here to rapidly navigate through this document
CALCULATION OF REGISTRATION FEE
Maximum
Maximum
Amount of
Title of Each Class of
Amount to be

Offering Price Per
Aggregate Offering

Registration Fee
Securities to be Registered
Registered
Unit
Price
(1)
6.50% Senior Notes due
2018

$150,000,000

99.959%

$149,938,500

$5,895.00
(1)
Calculated in accordance with Rule 457(r) under the Securities Act of 1933, as amended. The total
registration fee due for this offering is $5,895.00
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (1 of 94)5/6/2008 11:01:57 AM

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm
Filed Pursuant to Rule 424(b)(5)
Registration Statement No. 333-149510
Prospectus supplement to prospectus dated March 19, 2008
Packaging Corporation of America

$150,000,000
6.50 % Senior Notes due 2018
Packaging Corporation of America is offering a series of fixed rate senior notes that will pay interest
semi-annually in arrears on March 15 and September 15 of each year, beginning on September 15,
2008. The notes will bear interest at a rate equal to 6.50% per year, and will mature on March 15,
2018. The interest rate payable on the notes will be subject to adjustments from time to time if the debt
ratings assigned to the notes are downgraded (or subsequently upgraded) as discussed under the
caption "Description of the Notes--Interest Rate Adjustment." We may redeem some or all of the notes
at any time at the redemption price discussed under the caption "Description of the Notes--Optional
Redemption." If a change of control triggering event as described herein occurs, unless we have
exercised our option to redeem the notes, we will be required to offer to repurchase the notes at the
repurchase price discussed under the caption "Description of the Notes--Change of Control Triggering
Event."
The notes will be senior obligations of our company and will rank equally with each other and all of our
other unsecured senior indebtedness from time to time outstanding.
Investing in the notes involves risk. See "Risk Factors" beginning on page S-7.
Neither the Securities and Exchange Commission nor any state securities commission has approved
or disapproved of these securities or determined if this prospectus supplement or the accompanying
prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
Per Note
Total

Public offering price (1)

99.959%
$149,938,500
Underwriting discounts and commissions

0.650%
$975,000
Proceeds, before expenses, to Packaging Corporation of America
99.309%
$148,963,500
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (2 of 94)5/6/2008 11:01:57 AM

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm
(1)
Plus accrued interest from March 25, 2008, if settlement occurs after that date.
The underwriters expect to deliver the notes to investors in book-entry only form through the facilities
of The Depository Trust Company on or about March 25, 2008.
Joint Bookrunning Managers
Deutsche Bank Securities

JPMorgan
Co-Managers
Banc of America Securities LLC

BMO Capital Markets

National City Capital Markets

Wachovia Securities

Wedbush Morgan Securities Inc.

The Williams Capital Group, L.
P.
The date of this prospectus supplement is March 19, 2008.
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (3 of 94)5/6/2008 11:01:57 AM

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm
ABOUT THIS DOCUMENT
This document consists of two parts. The first part is this prospectus supplement, which contains
specific information about the terms of the notes. The second part is the accompanying prospectus,
which provides a general description of debt securities we may offer from time to time, some of which
may not apply to the notes. In the event the information in this prospectus supplement differs in any
way from the information set forth in the accompanying prospectus, this prospectus supplement will
apply and will supersede the information in the accompanying prospectus.
References in this prospectus supplement to "PCA," "we," "us," and "our" are to Packaging
Corporation of America and its consolidated subsidiaries, unless the context otherwise requires. When
referring to the issuer of the notes, these terms refer only to Packaging Corporation of America.
S-2
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (4 of 94)5/6/2008 11:01:57 AM

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm
SUMMARY
This summary highlights information contained elsewhere or incorporated by reference in this
prospectus supplement and the accompanying prospectus. This is not intended to be a complete
description of the matters covered in this prospectus supplement and the accompanying prospectus
and is subject to, and qualified in its entirety by reference to, the more detailed information and
financial statements (including the notes thereto) included or incorporated by reference in this
prospectus supplement and the accompanying prospectus.
Our Company
PCA is the sixth largest producer of containerboard and corrugated products in the United States
in terms of production capacity. With 2007 net sales of $2.3 billion, PCA produced approximately
2.4 million tons of containerboard, of which about 80% was consumed in PCA's corrugated products
manufacturing plants, 12% was sold to domestic customers and 8% was sold to the export market. Our
corrugated products manufacturing plants sold about 31.2 billion square feet of corrugated products.
In 2007, we produced 1.5 million tons of kraft linerboard at our mills located in Counce,
Tennessee and Valdosta, Georgia, and 0.9 million tons of semi-chemical corrugating medium at our
mills located in Tomahawk, Wisconsin and Filer City, Michigan. We currently lease the cutting rights to
approximately 102,000 acres of timberland located near our Counce and Valdosta mills. We also have
supply agreements on approximately 370,000 acres of timberland.
Our corrugated products manufacturing plants produce a wide variety of corrugated packaging
products, including conventional shipping containers used to protect and transport manufactured
goods, multi-color boxes, and displays with strong visual appeal that help to merchandise the
packaged product in retail locations. In addition, we are a large producer of meat boxes and wax-
coated boxes for the agricultural industry.
Packaging Corporation of America is a Delaware corporation. Our principal executive offices are
located at 1900 West Field Court, Lake Forest, Illinois 60045, and our telephone number is (847) 482-
3000. Our website address is www.packagingcorp.com. Information on our website should not be
construed to be part of this prospectus supplement.
The Offering
Issuer
Packaging Corporation of America
Securities Offered
$150,000,000 aggregate principal amount of 6.50%
senior notes due 2018.
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (5 of 94)5/6/2008 11:01:57 AM

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm
Maturity Date
The notes mature on March 15, 2018.
Interest Rate
The notes will bear interest from March 25, 2008 at a rate
equal to 6.50% per year.
Interest Payment Dates
March 15 and September 15 of each year, beginning on
September 15, 2008.
S-3
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (6 of 94)5/6/2008 11:01:57 AM

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm
Interest Rate Adjustment
The interest rate payable on the notes will be subject to
adjustments from time to time if either of Moody's
Investors Service Inc. and its successors ("Moody's") or
Standard & Poor's Ratings Services, a division of McGraw-
Hill, Inc., and its successors ("S&P"), or any Substitute
Rating Agency (as defined in "Description of the Notes--
Interest Rate Adjustment"), downgrades (or subsequently
upgrades) the debt rating assigned to the notes. See
"Description of the Notes--Interest Rate Adjustment."
Optional Redemption
The notes will be redeemable, in whole or from time to
time in part, at our option on any date at a redemption
price equal to the greater of:

·
100% of the principal amount of the
notes to be redeemed; and

·
the sum of the present values of the
remaining scheduled payments of
principal and interest on the notes to be
redeemed (exclusive of interest accrued
to the applicable redemption date)
discounted to the redemption date on a
semi-annual basis (assuming a 360-day
year consisting of twelve 30-day months)
at the Treasury Rate (as defined herein),
plus 50 basis points,

plus, in the case of both the first and second bullet point
above, accrued and unpaid interest on the principal
amount of the notes being redeemed to, but not including,
the redemption date.
Change of Control Triggering Event
Upon a change of control triggering event, you will have
the right to require us to repurchase your notes at a
repurchase price equal to 101% of the principal amount of
the notes repurchased plus any accrued and unpaid
interest. See "Description of the Notes--Change of
Control Triggering Event."
Ranking
The notes:

·
are Packaging Corporation of America's
unsecured and unsubordinated
obligations;
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (7 of 94)5/6/2008 11:01:57 AM

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm

·
rank equally in right of payment with all
of Packaging Corporation of America's
existing and future unsecured and
unsubordinated indebtedness;

·
are senior to any of Packaging
Corporation of America's future
subordinated debt;
S-4
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (8 of 94)5/6/2008 11:01:57 AM

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm

·
are junior in right of payment to
Packaging Corporation of America's
existing and future secured creditors to
the extent of assets securing that debt;
and

·
are structurally subordinated to the
existing and future indebtedness and
other liabilities of our subsidiaries.
Covenants
We will issue the notes under an indenture containing
covenants for your benefit. These covenants require us to
satisfy certain conditions in order to:

·
incur debt secured by liens;

·
engage in sale/leaseback transactions; or

·
merge or consolidate with another entity.

For a more detailed discussion of these covenants, see
"Description of Debt Securities--Covenants" in the
accompanying prospectus.
Form and Denomination
The notes will be issued only in fully registered form
without coupons, in denominations of $2,000 and integral
multiples of $1,000 in excess thereof.
Use of Proceeds
We anticipate that we will receive approximately
$148.4 million in net proceeds from the offering of the
notes, after deducting underwriting discounts and
commissions and other estimated expenses of the
offering. These net proceeds, together with cash on hand,
will be used to repay all of our outstanding 43/8% Senior
Notes due 2008, together with all accrued and unpaid
interest thereon. We currently intend to repay these notes
and accrued and unpaid interest thereon on August 1,
2008, the maturity date of such notes. Prior to that date,
we intend to invest the net proceeds of this offering in
short-term interest-bearing obligations.
CUSIP
695156 AN9
ISIN
US695156AN93
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (9 of 94)5/6/2008 11:01:57 AM

file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm
Further Issues
The indenture does not limit the amount of debt securities
that we may issue thereunder and provides that the debt
securities may be issued from time to time in one or more
series. We may from time to time issue additional debt
securities of the same tenor, coupon and other terms as
the notes, so that those additional debt securities and the
notes offered hereby will form a single series.
Risk Factors
See "Risk Factors" beginning on page S-7 to read about
important factors you should consider before investing in
the notes.
S-5
file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm (10 of 94)5/6/2008 11:01:57 AM

Document Outline

Local Disk
- #1">file:////23filesrv01/ljs/Tamara/PCA, 6.50% Sr Nts due 2018.htm