{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-26-033319","form_type":"8-K","ticker":"SON","cik":"0000091767","company_name":"SONOCO PRODUCTS CO","filed_at":"2026-03-23T23:59:59+00:00","discovered_at":"2026-05-14T18:02:38.028987+00:00","generated_at":"2026-05-15T09:26:30.553085+00:00","sec_items":["1.01","2.03","9.01"],"event_type":"debt","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"high","headline":"Sonoco enters $300M delayed draw term loan facility with Wells Fargo","bullets":["Term loan facility of up to $300M unsecured, delayed draw available until Sept 13, 2026.","Matures 2 years after funding date; interest at Term SOFR or base rate plus margin based on credit ratings (0.850%-1.100% for Term SOFR).","Covenants: maintain Book Net Worth ≥80% of March 31, 2024 level and Consolidated Interest Coverage Ratio ≥3.25x.","Proceeds for general corporate purposes; voluntary prepayments allowed without penalty."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-26-033319","json":"https://secwatch.observer/filing/0001104659-26-033319.json","markdown":"https://secwatch.observer/filing/0001104659-26-033319.md","text":"https://secwatch.observer/filing/0001104659-26-033319.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/91767/000110465926033319/0001104659-26-033319-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/91767/000110465926033319/tm269514d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-15T09:26:30.553085+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b6087541c07c97d35de7eacce89049ce9ba76a12","claim":"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.","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 2.03/2.04","evidence_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465926033319/0001104659-26-033319-index.htm","confidence":0.9,"family_label":"Debt Financings","details":[{"label":"Instrument","value":"term loan"},{"label":"Principal","value":"up to $300 million"},{"label":"Counterparty","value":"Wells Fargo Bank, National Association"},{"label":"Rate","value":"Term SOFR plus 0.850% to 1.100% per annum or Base Rate plus 0.000% to 0.100% per"},{"label":"Maturity","value":"second anniversary of the Funding Date"},{"label":"Event","value":"incurrence"}],"fact_type":"debt_financing"},{"claim_id":"96a6bdd2626b1f83919c3a7dedd90725a0fd0b2e","claim":"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).","evidence_excerpt":"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”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/91767/000110465926033319/0001104659-26-033319-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"lenders party thereto and Wells Fargo Bank, National Association, as Administrative Agent"},{"label":"Value","value":"$300 million"},{"label":"Effective","value":"2026-03-23"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}