{"schema_version":"secwatch.filing_event.v1","accession":"0000091767-26-000044","form_type":"8-K","ticker":"SON","cik":"0000091767","company_name":"SONOCO PRODUCTS CO","filed_at":"2026-09-30T20:03:20+00:00","discovered_at":"2026-09-30T20:04:00.248818+00:00","generated_at":"2026-10-12T14:03:53.054630+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.5,"calibrated_materiality_score":0.5,"confidence":"high","headline":"Sonoco amends credit agreement with $800M term loan facilities, refinances $500M term loan due 2028","bullets":["Entered First Amendment to credit agreement with CoBank, creating $400M Tranche A term loan maturing Dec. 31, 2029 and $400M Tranche B delayed-draw term loan maturing Dec. 31, 2031.","Borrowed $500M on Sept. 25, 2026 - $400M under Tranche A and $100M under Tranche B - to refinance its existing $500M syndicated term loan that was scheduled to mature in August 2028.","Remaining $300M Tranche B can be drawn in up to three draws of at least $25M each within 12 months; Sonoco expects to use it to refinance certain outstanding indebtedness at a later date.","Tranche A pricing: SOFR + 1.575%-2.075% or base rate + 0.575%-1.075%; Tranche B: SOFR + 1.675%-2.175%, base rate + 0.675%-1.175%, plus ticking fee 0.100%-0.225% on unused commitments.","Term loans have no scheduled amortization before maturity and are prepayable without premium or penalty; covenants include minimum book net worth and interest coverage ratio."],"urls":{"canonical":"https://secwatch.observer/filing/0000091767-26-000044","json":"https://secwatch.observer/filing/0000091767-26-000044.json","markdown":"https://secwatch.observer/filing/0000091767-26-000044.md","text":"https://secwatch.observer/filing/0000091767-26-000044.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91767/000009176726000044/0000091767-26-000044-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91767/000009176726000044/son-20260925.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:03:53.054630+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}