Item 1.01 Entry into a Material Definitive Agreement.
On January 11, 2022, Sonoco Products Company (the "Company") entered into an
underwriting agreement (the "Underwriting Agreement") with J.P. Morgan
Securities LLC and Wells Fargo Securities, LLC, as representatives of the
several underwriters listed in Schedule A thereto (collectively, the
"Underwriters"), pursuant to which the Company agreed to issue and sell to the
Underwriters $400,000,000 aggregate principal amount of its 1.800% Notes due
2025, $300,000,000 aggregate principal amount of its 2.250% Notes due 2027 and
$500,000,000 aggregate principal amount of its 2.850% Notes due 2032 in a
registered public offering (the "Offering").
The Offering is being made pursuant to the Company's Registration Statement on
Form S-3 (File No. 333-232937), including a prospectus supplement dated
January 11, 2022 to the prospectus contained therein dated August 1, 2019, filed
by the Company with the Securities and Exchange Commission. The Offering is
expected to close on January 21, 2022, subject to customary closing conditions.
The foregoing description of the Underwriting Agreement is a summary only and is
qualified in its entirety by the full and complete terms of the Underwriting
Agreement, a copy of which is attached as Exhibit 1.1 hereto and incorporated
herein by reference.
Item 9.01 Financial Statements and Exhibits.
1.1 Underwriting Agreement, dated January 11, 2022, among Sonoco Products
Company and J.P. Morgan Securities LLC and Wells Fargo Securities, LLC, as
representatives of the several underwriters named in Schedule A thereto.
104 Cover Page Interactive Data File (embedded within the Inline XBRL
This communication includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act, Section 21E of the Exchange Act and the
Private Securities Litigation Reform Act of 1995, as amended. Forward-looking
statements include statements regarding the Company's intentions or current
expectations concerning, among other things, the satisfaction of conditions to
the closing of the Offering and the timing and consummation of the Offering.
Such forward-looking statements are based on the Company's beliefs and
assumptions and on information currently available to it on the date of this
report. Forward-looking statements may involve known and unknown risks,
uncertainties and other factors that may cause the Company's actual results,
performance or achievements to be materially different from those expressed or
implied by the forward-looking statements, including but not limited to risks
regarding the ability of the Company to satisfy the conditions to closing and to
complete the Offering on its expected timing, or at all. The forward-looking
statements in this communication are made only as of the date hereof. Except to
the extent required by law, the Company undertakes no obligation to update such
forward-looking statements to reflect events that occur or circumstances that
exist after the date on which they were made.
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