Sonoco amends credit agreement, adds USD 800 million term loan facilities

Bitget2026/09/30 20:03

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Sonoco amended its Farm Credit System credit agreement on Sept. 25, 2026, adding two new term loan facilities totaling USD 800 million.
USD 400 million Tranche A term loan matures Dec. 31, 2029; USD 400 million delayed-draw Tranche B matures Dec. 31, 2031.
Borrowed USD 500 million at closing, refinancing a USD 500 million syndicated term loan previously due in August 2028.
Tranche B leaves USD 300 million available for up to 12 months, earmarked for refinancing other outstanding debt.
Interest rates float off SOFR or base rate with ratings-based margins; Tranche B also carries a ticking fee on undrawn commitments.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Sonoco Products Co. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000091767-26-000044), on September 30, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Sonoco amends credit agreement, adds USD 800 million term loan facilities

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