Financing ·
On September 25, 2026, Sonoco Products Company entered into a first amendment to its credit agreement, establishing…
SONSonoco Products Co
On September 25, 2026, Sonoco Products Company entered into a first amendment to its credit agreement, establishing new term loan facilities totaling $800 million. The company borrowed $500 million on the closing date, consisting of a $400 million Tranche A term loan maturing December 31, 2029, and a $100 million draw from a $400 million delayed-draw Tranche B facility maturing December 31, 2031. The proceeds were used to refinance an existing $500 million syndicated term loan scheduled for August 2028 maturity. Sonoco retains the right to borrow the remaining $300 million of the Tranche B facility in up to three draws over the next 12 months, with future use intended for additional debt refinancing.