Sonoco Products (NYSE:SON) priced an offering of senior unsecured notes in a combined aggregate principal amount of $1.8B. The notes will be issued in three tranches: $500M of 4.450% notes due 2026; $600M of 4.600% notes due 2029; $700M of 5.000% notes due 2034. The offering will occur on September 19, 2024. The company intends to use an amount equal to the net proceeds from the offering, together with borrowings under its acquisition term loan facilities and, if needed, cash on hand or additional borrowings under its existing revolving credit facility, to fund the cash consideration payable by Sonoco in connection with Sonoco’s pending acquisition of Titan Holdings I B.V. and to pay related fees and expenses.