secwatch.observer — SEC 8-K summary
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Issuer:     SONOCO PRODUCTS CO (SON)
CIK:        0000091767
Form:       8-K
Filed at:   2022-12-07T23:59:59+00:00
Accession:  0000091767-22-000070
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonoco enters $400M unsecured term loan facility, draws full amount on Dec 2, 2022
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- $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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91767/000009176722000070/0000091767-22-000070-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91767/000009176722000070/son-20221202.htm
  HTML page:      https://secwatch.observer/filing/0000091767-22-000070

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