The aggregate transaction value of $1.995bn is inclusive of $714m of outstanding indebtedness of Boise.
The transaction is expected to close in the fourth quarter of 2013 with committed debt financing, but is subject to certain customary conditions and regulatory approvals.
The combined companies generated $5.5bn in sales and $879m in EBITDA (excluding special items) in the last 12 months ended 30 June 2013 (LTM).
The combined packaging business generated 75% of sales and 83% of EBITDA over the period, with the remainder generated by Boise’s paper business.
Source: Packaging Corporation of America
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