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Sonoco Products Prices $1.8 Billion Senior Notes Offering
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Sonoco Products Prices $1.8 Billion Senior Notes Offering
Sep 21, 2024 9:21 PM

04:01 AM EDT, 09/18/2024 (MT Newswires) -- Sonoco Products ( SON ) said late Tuesday it has priced a three-tranche, $1.8 billion debt offering.

The senior unsecured notes include $500 million of 4.45% notes due 2026, $600 million of 4.6% notes due 2029, and $700 million of 5% notes due 2034.

The packaging company said it expects the offering to close on Thursday. Sonoco intends to use net proceeds to help fund its pending acquisition of Titan Holdings.

Price: 58.46, Change: +2.78, Percent Change: +4.99

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