{"schema_version":"secwatch.filing_event.v1","accession":"0000091767-22-000070","form_type":"8-K","ticker":"SON","cik":"0000091767","company_name":"SONOCO PRODUCTS CO","filed_at":"2022-12-07T23:59:59+00:00","discovered_at":"2026-05-14T18:03:54.037356+00:00","generated_at":"2026-06-21T08:30:51.695514+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.6,"calibrated_materiality_score":0.6,"confidence":"high","headline":"Sonoco enters $400M unsecured term loan facility, draws full amount on Dec 2, 2022","bullets":["$400M unsecured term loan facility with JPMorgan as administrative agent; full amount drawn on Dec 2, 2022.","Loan matures Dec 1, 2023; interest rate at Term SOFR plus 1.475% margin initially.","Proceeds for general corporate purposes including repayment of short-term debt; no required amortization.","Voluntary prepayments permitted without penalty subject to minimum notice and amount conditions."],"urls":{"canonical":"https://secwatch.observer/filing/0000091767-22-000070","json":"https://secwatch.observer/filing/0000091767-22-000070.json","markdown":"https://secwatch.observer/filing/0000091767-22-000070.md","text":"https://secwatch.observer/filing/0000091767-22-000070.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000070/0000091767-22-000070-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000070/son-20221202.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-21T08:30:51.695514+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"d806a01cdc81f983370f1ccd1f9e2dd5ba537099","claim":"SONOCO PRODUCTS CO incurred term loan of up to $400 million with JPMorgan Chase Bank, N.A., as Administrative Agent and a consortium of banks at Term SOFR Loans plus margin currently applicable of 1.475% maturing December 1, 2023.","evidence_excerpt":"On December 2, 2022, Sonoco Products Company (the “Company”) entered into a credit agreement with a consortium of banks and JPMorgan Chase Bank, N.A., as Administrative Agent (the “Term Loan Agreement”). The Term Loan Agreement provides the Company with the ability to borrow up to $400 million on an unsecured basis (the “Term Loan Facility”) the proceeds of which will be used for general corporate purposes, including repayment of certain short-term debt.","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000070/0000091767-22-000070-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $400 million"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A., as Administrative Agent and a consortium of banks"},{"label":"Rate","value":"Term SOFR Loans plus margin currently applicable of 1.475%"},{"label":"Maturity","value":"December 1, 2023"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"14830b3c4c9f71b6c95a46ffec4f640a5ea7ead4","claim":"SONOCO PRODUCTS CO entered into Term Loan Agreement with JPMorgan Chase Bank, N.A. valued at $400,000,000 (effective 2022-12-02).","evidence_excerpt":"On December 2, 2022, Sonoco Products Company (the \"Company\") entered into a credit agreement with a consortium of banks and JPMorgan Chase Bank, N.A., as Administrative Agent (the \"Term Loan Agreement\"). The Term Loan Agreement provides the Company with the ability to borrow up to $400 million on an unsecured basis (the \"Term Loan Facility\") the proceeds of which will be used for general corporate purposes, including repayment of certain short-term debt. The full $400 million available under the Term Loan Facility was drawn on December 2, 2022.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91767/000009176722000070/0000091767-22-000070-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"JPMorgan Chase Bank, N.A."},{"label":"Value","value":"$400,000,000"},{"label":"Effective","value":"2022-12-02"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}