Sonoco enters $1.5B 364-day term loan to fund Eviosys acquisition; upsized from $1.2B

SONOCO PRODUCTS CO

Credit agreement upsized to $1.5B from previously announced $1.2B commitment.
Loan will bear interest at SOFR plus margin based on credit ratings; 364-day maturity.
Proceeds to finance part of cash consideration for pending acquisition of Titan Holdings I B.V. (Eviosys).
Bridge facility commitments reduced to $1.8B as a result of this new term loan facility.

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