Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
SONOCO PRODUCTS CO incurred term loan of up to $300 million with Wells Fargo Bank, National Association at Term SOFR plus 0.850% to 1.100% per annum or Base Rate plus 0.000% to 0.100% per maturing second anniversary of the Funding Date.
- Instrument
- term loan
- Principal
- up to $300 million
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- Term SOFR plus 0.850% to 1.100% per annum or Base Rate plus 0.000% to 0.100% per
- Maturity
- second anniversary of the Funding Date
- Event
- incurrence
Exact text from the filing
The Term Credit Agreement provides the Company with a delayed draw term loan facility in an aggregate principal amount of up to $300 million on an unsecured basis (the “Term Loan Facility”).
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.9
SONOCO PRODUCTS CO entered into Term Credit Agreement with lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent valued at $300 million (effective 2026-03-23).
- Action
- entry
- Agreement
- credit facility
- Counterparty
- lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent
- Value
- $300 million
- Effective
- 2026-03-23
Exact text from the filing
On March 23, 2026, Sonoco Products Company (the “Company”) entered into a credit agreement with the lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent (the “Term Credit Agreement”).
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