8-KThe WireStrategic
Material Agreement
Filed Jan 14, 2022 · 4y ago · Accession 0001104659-22-004414
Plain English
Material event — a significant development the company must disclose promptly.
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Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported):
January 11, 2022
SONOCO PRODUCTS COMPANY
(Exact name of registrant as specified in charter)
South Carolina
001-11261
57-0248420
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification No.)
1 N. Second St.
Hartsville , South Carolina 29550
(Address of principal executive offices) (Zip Code)
( 843 ) 383-7000
(Registrant’s telephone number, including
area code)
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K
filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General
Instruction A.2. below):
¨
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b)
of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which
registered
No par value common stock
SON
New York Stock Exchange LLC
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act. ¨
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.
(d) 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 document).
Forward-Looking Statements
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.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
SONOCO PRODUCTS COMPANY
Date: January 14, 2022
By:
/s/ Julie C. Albrecht
Name:
Julie
C. Albrecht
Title:
Vice President and Chief Financial Officer
Filing details
- Company
- SONOCO PRODUCTS CO
- Ticker
- SON
- CIK
- 91767
- Form type
- 8-K
- Filing date
- Jan 14, 2022
- Report date
- Jan 11, 2022
- Document
- tm222380d4_8k.htm
- Size
- 491 KB