secwatch.observer — SEC 8-K summary
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Issuer:     SONOCO PRODUCTS CO (SON)
CIK:        0000091767
Form:       8-K
Filed at:   2024-09-19T23:59:59+00:00
Accession:  0001104659-24-101348
Event type: debt
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.02, 8.01, 2.03, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sonoco closes $1.8B note offering; terminates $4B bridge facility tied to Eviosys deal
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- Issued $500M of 4.450% notes due 2026, $600M of 4.600% notes due 2029, and $700M of 5.000% notes due 2034.
- Notes are senior unsecured; proceeds expected to fund pending acquisition of Eviosys.
- Special mandatory redemption at 101% of principal for 2029 and 2034 notes if Eviosys deal not closed by Dec 31, 2025.
- Bridge facility commitments of up to $4B terminated concurrent with the offering.
- Interest payable semi-annually starting March 1, 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/91767/000110465924101348/0001104659-24-101348-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/91767/000110465924101348/tm2424361d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-101348

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