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S&P Global Ratings upgrades Packaging Corp. of America to BBB+ after Greif deal

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  • S&P Global Ratings upgraded Packaging Corp. of America to BBB+ from BBB.
  • The $1.8 billion Greif acquisition used $1 billion debt, $300 million cash, and $500 million notes.
  • PCA expects three turbines at mills to reduce grid reliance after outages through first-half 2026.
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S&P Global Ratings upgrades Packaging Corp. of America to BBB+ after Greif deal - CoinPost Terminal