Sonoco Products Priced Offering Of Senior Unsecured Notes In Combined Aggregate Principal Amount Of $1.8B
Portfolio Pulse from Benzinga Newsdesk
Sonoco Products has announced the pricing of its senior unsecured notes offering, totaling $1.8 billion. This move is likely aimed at raising capital for corporate purposes.
September 17, 2024 | 10:01 pm
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Sonoco Products has priced its senior unsecured notes offering at $1.8 billion, which could be used for various corporate purposes, including debt refinancing or expansion.
The issuance of $1.8 billion in senior unsecured notes by Sonoco Products is a significant financial move. It suggests the company is raising capital, possibly for debt refinancing or expansion. However, without details on the use of proceeds, the immediate impact on stock price is neutral.
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