Sonoco Products ( (SON) ) has issued an announcement.
Sonoco Products Company has secured a $1.2 billion senior unsecured term loan to partially fund its acquisition of Eviosys. With the definitive agreement anticipated around September 16, 2024, the loan will mature one year post-funding, coinciding with the acquisition’s completion. Additionally, the Company released unaudited pro forma financial information and audited consolidated financial statements for Eviosys, highlighting the financial landscape ahead of the acquisition’s expected closure between the fourth quarter of 2024 and the first quarter of 2025.
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