---
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"
generated_at: "2026-10-12T14:03:53.054630+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sonoco amends credit agreement with $800M term loan facilities, refinances $500M term loan due 2028

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000091767-26-000044
- JSON: https://secwatch.observer/filing/0000091767-26-000044.json
- Plain text: https://secwatch.observer/filing/0000091767-26-000044.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.