Freshfields represented Sonoco Products Company in its SEC-registered $1.8 billion offering of bonds, consisting of $500 million aggregate principal amount of 4.450% notes due 2026, $600 million aggregate principal amount of 4.600% notes due 2029 and $700 million aggregate principal amount of 5.000% notes due 2034, and its arrangement of lender commitments to fund a $700 million senior term loan facility and a $1.5 billion senior term loan facility. Sonoco intends to use an amount equal to the net proceeds from the bond offering and the term loan facilities to fund its acquisition of Eviosys, a global metal packaging company that produces food cans and ends, aerosol cans, metal closures and promotional packaging with a large metal food can manufacturing footprint in the Europe, Middle East and Africa region.

Sonoco is one of the largest diversified global manufacturers of consumer and industrial packaging products. With its corporate purpose of “Better Packaging. Better Life”, Sonoco is committed to creating sustainable products and a better world for its customers, employees, and communities.

More details about the transaction can be found here.

The Freshfields corporate team consisted of partner Pamela L. Marcogliese, counsel Jeffrey Gould, senior associate Daniel Fox and associates Katherine Kim and Evelyne Kim. The Freshfields finance team consisted of partner Kyle Lakin and associates Hadar Tanne and Jordan Phelan. Partner Joe Soltis and associates Courtney Canning and Hannah Golden provided tax advice. Partner Stephanie Brown Cripps and associate Young Park advised on regulatory matters. Partners Lori Goodman and Dawn Heath advised on employment and benefits-related matters.