Sonoco Products amended its August 2023 credit agreement on 30 September 2026, adding new US$400 million Tranche A and US$400 million Tranche B term loan facilities. The company used US$500 million of the new capacity to refinance an existing syndicated term loan and extended its debt maturities to 2029 and 2031. The refinancing includes flexible prepayment rights and rating-based interest margins, and it reshapes Sonoco's debt profile and future funding options without increasing near-term principal repayment requirements. The move comes alongside the company's reaffirmed 2026 net sales guidance of US$7.25 billion to US$7.75 billion, with the extended maturities and delayed-draw capacity seen as supporting its profitability performance plan and sustainability-focused packaging initiatives.
Sonoco Products CompanySonoco amended its credit agreement to add $800M in term loans, refinancing existing debt and extending maturities to 2029/2031 with flexible prepayment rights.
