Sonoco Products enters first amendment to credit agreement on Sept. 25, 2026
SON•Sonoco Products amended its credit agreement on Sept. 25, 2026, providing $400 million each in Tranche A and Tranche B term loans. It borrowed $500 million to refinance an existing $500 million syndicated term loan.
1. Credit agreement amendment
The amendment provides a $400 million Tranche A term loan maturing Dec. 31, 2029, and a $400 million Tranche B term loan maturing Dec. 31, 2031. Sonoco borrowed $500 million under the amended agreement on Sept. 25 to refinance an existing $500 million syndicated term loan.
2. Remaining borrowing option
Sonoco may borrow the remaining $300 million of the Tranche B term loan in up to three draws within 12 months.
