secwatch.observer — SEC 8-K summary
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Issuer:     SONOCO PRODUCTS CO (SON)
CIK:        0000091767
Form:       8-K
Filed at:   2024-09-13T23:59:59+00:00
Accession:  0000091767-24-000052
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91767/000009176724000052/0000091767-24-000052-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91767/000009176724000052/son-20240913.htm
  HTML page:      https://secwatch.observer/filing/0000091767-24-000052

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