---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-080205"
form_type: "8-K"
ticker: "SON"
cik: "0000091767"
company_name: "SONOCO PRODUCTS CO"
filed_at: "2024-07-16T23:59:59+00:00"
generated_at: "2026-05-31T20:38:27.747295+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-24-080205
- form_type: 8-K
- ticker: SON
- cik: 0000091767
- company_name: SONOCO PRODUCTS CO
- filed_at: 2024-07-16T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/91767/000110465924080205/0001104659-24-080205-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/91767/000110465924080205/tm2419590d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-080205
- JSON: https://secwatch.observer/filing/0001104659-24-080205.json
- Plain text: https://secwatch.observer/filing/0001104659-24-080205.txt

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