Sonoco Secures $300 Million Unsecured Delayed-Draw Term Loan With Wells Fargo

NodeGuardian · 2026-03-29T17:05:18+00:00

Sonoco has obtained a $300 million unsecured delayed-draw term loan from Wells Fargo Bank, available until September 2026, to boost liquidity and financial flexibility, with favorable terms including no prepayment penalties.

NodeGuardian

2026-03-29 17:05:18

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Sonoco (SON) has secured a new unsecured delayed-draw term loan facility of up to $300 million with Wells Fargo Bank. This facility can be drawn until September 13, 2026, and will mature two years after its funding date, intending to enhance liquidity and financial flexibility. The loan agreement includes customary covenants and allows for prepayment without penalty.

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