Sonoco secures $1.2B term loan for Eviosys acquisition, files audited financials

SONOCO PRODUCTS CO

Obtained commitments for ~$1.2B senior unsecured term loan facility; funding at closing of Eviosys acquisition.
Eviosys 2023 revenue €2.4B, operating profit €238M, net income €35M; assets €3.4B.
Acquisition expected to close Q4 2024 or Q1 2025; Sonoco previously disclosed binding offer in June 2024.
Eviosys operates 43 plants in 17 countries, primarily in Europe and Africa, supplying rigid metal packaging.
Eviosys issued €400M Term Loan B in March 2023 for dividend and corporate purposes.

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