Item 1.01 Entry into a Material Definitive Agreement



On January 21, 2022, Sonoco Products Company (the "Company") entered into a
credit agreement with the lenders from time to time party thereto and Bank of
America, N.A., as Administrative Agent (the "Term Loan Agreement"). The Term
Loan Agreement provides the Company with the ability to borrow up to $300
million on an unsecured basis (the "Term Loan Facility") to finance a portion of
the cash consideration for the Company's acquisition of Ball Metalpack Holdings,
LLC. The full $300 million available under the Term Loan Facility was drawn on
January 26, 2022 (the "Funding Date").

Borrowings under the Term Loan Facility, net of any prepayments, will become
payable in full on the third anniversary of the Funding Date. Borrowings under
the Term Loan Facility will bear interest at a fluctuating rate per annum equal
to, at the Company's option, (i) the forward-looking Secured Overnight Financing
Rate term rate (such borrowings, "Term SOFR Loans") or (ii) a base rate, plus,
in each case, an applicable margin calculated based on the Company's credit
ratings. The Company has designated its borrowings under the Term Loan Facility
as Term SOFR Loans, and the margin currently applicable to Term SOFR Loans is
1.225%. There is no required amortization, and voluntary prepayments of
borrowings under the Term Loan Facility are permissible without penalty, subject
to certain conditions pertaining to minimum notice and minimum prepayment and
reduction amounts as described in the Term Loan Agreement.

The Term Loan Agreement contains various customary representations and
warranties and affirmative and negative covenants, as more fully described in
the Term Loan Agreement. The Term Loan Agreement also contains various customary
events of default (subject to grace periods, as applicable) including, among
others: nonpayment of principal, interest or fees; breach of covenant; payment
default on, or acceleration under, certain other material indebtedness;
inaccuracy of the representations or warranties in any material respect;
bankruptcy or insolvency; inability to pay debts; certain unsatisfied judgments;
certain ERISA-related events; the invalidity or unenforceability of the Term
Loan Agreement or certain other documents executed in connection therewith; and
the occurrence of a change of control.

The foregoing description of the Term Loan Agreement and the Term Loan Facility
does not purport to be complete and is qualified in its entirety by reference to
the full and complete terms of the Term Loan Agreement, which is filed as
Exhibit 10.1 hereto and incorporated herein by reference.

Certain of the lenders under the Term Loan Facility and/or their affiliates have
in the past performed, and may in the future from time to time perform,
investment banking, financial advisory, lending and/or commercial banking
services, or other services for the Company and/or its subsidiaries (including
in connection with the transactions described in this Current Report on Form
8-K), for which they have received, and may in the future receive, customary
compensation and expense reimbursement.


Item 2.03  Creation of a Direct Financial Obligation or an Obligation under an
Off-Balance
Sheet Arrangement of a Registrant.

The information in Item 1.01 is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.



(d) Exhibits
Exhibit No.               Description of Exhibit
10.1                        Credit Agreement, dated as of January 21, 2022, among Sonoco Products
                          Company, as Borrower, the lenders from time to

time party thereto and Bank


                          of America, N.A., as Administrative Agent
104                       Cover Page Interactive Data File (formatted as

Inline XBRL and contained in


                          Exhibit 101)

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