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Stock impact report

Sonoco Completes Sale of Senior Notes

Sonoco Products Company (SON) 
Last sonoco products company earnings: 4/16 06:45 am Check Earnings Report
US:NYSE Investor Relations: investor.sonoco.com/investor-relations-0
Company Research Source: GlobeNewswire
HARTSVILLE, S.C., April 23, 2020 (GLOBE NEWSWIRE) -- Sonoco (NYSE: SON), one of the largest global diversified packaging companies, today announced that on April 22, 2020, it sold $600 million aggregate principal amount of new 3.125% senior unsecured notes maturing May 1, 2030.  “We are very pleased with the solid execution and favorable interest rate for this bond offering, reflecting strong support received from fixed income investors,” said Julie Albrecht, Vice President and Chief Financial Officer. “This proactive bond financing, our first in nearly 10 years, increases our liquidity to a level that we believe enables us to more than meet our commitments, even in a prolonged coronavirus-induced downturn, as we continue to ensure the long-term financial health of Sonoco.” Sonoco intends to use the net proceeds from the sale of the securities for general corporate purposes, including possible repayment of existing indebtedness. “Sonoco has been aggressive in taking a Show less Read more
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