Sonoco enters $700M term loan to fund Titan Holdings I B.V. acquisition

SONOCO PRODUCTS CO

Term loan of $700M unsecured; replaces a corresponding amount of existing $4B bridge facility.
Remaining $3.3B bridge commitments expected to be replaced with cash on hand and capital markets transactions.
Loan matures on second anniversary of funding; interest based on SOFR or base rate plus credit-rating-based margins.
No required amortization; voluntary prepayments permitted without penalty.

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