Sonoco amends credit agreement, adds USD 800 million term loan facilities
Bitget2026/09/30 20:03- Sonoco amended its Farm Credit System credit agreement on Sept. 25, 2026, adding two new term loan facilities totaling USD 800 million.
- USD 400 million Tranche A term loan matures Dec. 31, 2029; USD 400 million delayed-draw Tranche B matures Dec. 31, 2031.
- Borrowed USD 500 million at closing, refinancing a USD 500 million syndicated term loan previously due in August 2028.
- Tranche B leaves USD 300 million available for up to 12 months, earmarked for refinancing other outstanding debt.
- Interest rates float off SOFR or base rate with ratings-based margins; Tranche B also carries a ticking fee on undrawn commitments.
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