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Freshfields represents Sonoco Products Company in its $1.2B inaugural green bond offering
Freshfields represented Sonoco Products Company in its SEC-registered $1.2 billion inaugural offering of green bonds, consisting of $400 million aggregate principal amount of 1.800% notes due 2025, $300 million aggregate principal amount of 2.250% notes due 2027 and $500 million aggregate principal amount of 2.850% notes due 2032. Sonoco intends to use an amount equal to the net proceeds from the offering to partially fund its acquisition of Ball Metalpack, a leading manufacturer of sustainable metal packaging for food and household products, which qualifies as an Eligible Project under Sonoco’s Green Financing Framework.
Sonoco is one of the largest sustainable global packaging companies, providing consumer, industrial, healthcare and protective packaging. Sonoco is committed to creating sustainable products, services and programs for its customers, employees and communities that support its corporate purpose of “Better Packaging. Better Life.”
More details about the transaction can be found here.
The Freshfields corporate team consisted of partner Pamela L. Marcogliese, associate Daniel Fox and law clerk Yunah Ko. Partner Robert Scarborough and associate Thomas Bourneuf provided tax advice. Partner Brian Rance provided Investment Company Act advice.
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