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Packaging Corp of America (PKG.N)

PKG.N on New York Stock Exchange

80.66USD
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Latest Key Developments (Source: Significant Developments)

Packaging Corp of America enters into amended, restated 5-yr credit agreement - SEC Filing
Thursday, 1 Sep 2016 11:22am EDT 

Packaging Corp of America : On August 29, company entered into amended, restated 5-year credit agreement with lenders and agents named therein - SEC Filing . Says amended credit agreement includes a new $385 million unsecured five-year term loan facility . Says amended credit agreement includes a existing $650 million unsecured seven-year term loan facility .Amended credit agreement includes $350 million unsecured revolving credit facility.  Full Article

Packaging Corp of America announces 15 pct dividend increase
Wednesday, 31 Aug 2016 05:00pm EDT 

Packaging Corp Of America : Announces 15 percent dividend increase . First quarterly dividend of $0.63 per share will be paid on October 14, 2016 .To increase quarterly cash dividend on its common stock to an annual payout of $2.52 per share from $2.20 per share.  Full Article

Packaging Corp of America Q2 EPS $1.23 excluding items
Wednesday, 20 Jul 2016 05:20pm EDT 

Packaging Corp Of America : Qtrly containerboard production was 926,000 tons . Qtrly containerboard inventory was flat compared to end of q1 of 2016 and end of q2 of 2015 . Packaging Corporation Of America reports second quarter 2016 results . Sees Q3 earnings per share $1.30 . Q2 sales $1.42 billion versus i/b/e/s view $1.46 billion . Q2 earnings per share $1.23 excluding items . Q2 earnings per share view $1.18 -- Thomson Reuters I/B/E/S . On track to close acquisition of Timbar later in q3 . Looking ahead to q3, expect higher containerboard, corrugated products and white paper shipments .Q3 earnings per share view $1.27 -- Thomson Reuters I/B/E/S.  Full Article

Packaging Corp of America to acquire Timbar Corp
Wednesday, 6 Jul 2016 09:00am EDT 

Packaging Corp Of America : Packaging Corporation Of America announces agreement to acquire Timbar Corporation . Transaction is structured as a purchase of assets resulting in a full step-up of assets to fair market value . To acquire 5 corrugated products plants, 2 fulfillment centers, 4 design centers located primarily in Eastern, Southeastern U.S . Expects to finance transaction with a new term loan. . Deal for $386 million . To acquire substantially all of assets of Timbar Corporation in a cash-free, debt-free transaction . Acquisition will be accretive to earnings immediately. .As result of deal, PCA's containerboard integration level is expected to increase 6% from its current level of 87%.  Full Article

Packaging Corp of America announces additional $200 mln share repurchase authorization
Thursday, 25 Feb 2016 05:00pm EST 

Packaging Corp of America:Packaging corporation of America announces additional $200 million share repurchase authorization.Says completed repurchases under its previously-announced authorization earlier this month.  Full Article

Packaging Corp of America gives Q1 2016 EPS outlook
Monday, 25 Jan 2016 05:46pm EST 

Packaging Corp of America:Expect Q1 2016 earnings of $1.00 per share.  Full Article

Packaging Corp of America declares quarterly dividend
Tuesday, 15 Dec 2015 05:00pm EST 

Packaging Corp of America:Board has approved a regular quarterly dividend of $0.55 per share on its common stock.Quarterly dividend of $0.55 per share will be paid to shareholders of record date as of December 28 with a payment date of January 15, 2016.  Full Article

Packaging Corp of America approves regular quarterly dividend
Monday, 31 Aug 2015 05:38pm EDT 

Packaging Corp of America:Approves regular quarterly dividend of $0.55 per share.Payable to shareholders of record as of Sept. 15 with a payment date of Oct. 15.  Full Article

Packaging Corp of America announces additional $150 million share repurchase authorization
Tuesday, 21 Jul 2015 05:08pm EDT 

Packaging Corp of America:Says additional $150 million share repurchase authorization.Together with remaining authority under previously announced programs, co may repurchase about $205 million of additional shares.  Full Article

Packaging Corp of America announces appointment of Robert P. Mundy as CFO
Wednesday, 3 Jun 2015 08:05am EDT 

Packaging Corp of America:Announces hiring of Robert P. Mundy to succeed Richard B. West as Chief Financial Officer.Says Richard B. (rick) West will remain an employee of PCA in an advisory capacity through his planned retirement.  Full Article

BRIEF-Packaging Corp of America enters into amended, restated 5-yr credit agreement - SEC Filing

* On August 29, company entered into amended, restated 5-year credit agreement with lenders and agents named therein - SEC Filing