Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SONOCO PRODUCTS CO incurred revolving credit of $1,250 million at Term SOFR plus 10 basis points SOFR Adjustment and applicable margin of 125.0 ba maturing May 3, 2029.
- Instrument
- revolving credit
- Principal
- $1,250 million
- Rate
- Term SOFR plus 10 basis points SOFR Adjustment and applicable margin of 125.0 ba
- Maturity
- May 3, 2029
- Event
- incurrence
Exact text from the filing
The Agreement increases the commitments under the Company's revolving credit facility by $350 million to an aggregate amount of $1,250 million and extends the maturity date to May 3, 2029.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 1.0
SONOCO PRODUCTS CO entered into Amended and Restated Credit Agreement with the lenders party thereto valued at $1,250 million revolving credit facility maturing May 3, 2029 (effective 2024-05-03).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- the lenders party thereto
- Value
- $1,250 million revolving credit facility maturing May 3, 2029
- Effective
- 2024-05-03
Exact text from the filing
On May 3, 2024, Sonoco Products Company (the “Company”) entered into an Amended and Restated Credit Agreement (the “Agreement”) to extend the maturity and make certain other changes to the terms under the Company’s existing five-year credit agreement dated June 21, 2021.
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