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): May 11, 2006
SONOCO PRODUCTS COMPANY
Commission File No. 0-516
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| Incorporated under the laws
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I.R.S. Employer Identification |
| of South Carolina
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No. 57-0248420 |
1 N. Second St.
Hartsville, South Carolina 29550
Telephone: 843/383-7000
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 1 — Registrant’s Business and Operations
Item 1.01 Entry into a Material Definitive Agreement
On May 11, 2006, Bank of America, N.A. assigned a portion of its
commitment as a lender under the amended and restated credit agreement
described below to Well Fargo Bank, National Association.
On May 3, 2006, the registrant entered into an amended and restated credit
agreement to extend its $350 million bank line of credit supporting its
commercial paper program to a new five-year maturity. The term of the line of
credit allows commercial paper borrowings up to the maximum amount of the line
of credit to be classified as long-term debt. The amended and restated credit
agreement also provides the registrant the option to increase its credit line
to $500 million subject to the concurrence of its lenders.
With the addition of Wells Fargo Bank, National Association, the lenders under
the amended and restated agreement are: Bank of America, N.A.; Wachovia Bank,
National Association; Bank of Tokyo-Mitsubishi UFJ Trust Company; Deutsche Bank
AG, New York Branch; SunTrust Bank; Citibank, N.A.; The Bank of New York; Bank
of Montreal; Carolina First Bank; JPMorgan Chase Bank, N.A.; State Street Bank
and Trust Company; and Wells Fargo Bank, National Association. Bank of America
is also the administrative agent and Wachovia Bank, National Association is
also the syndication agent. Bank of America Securities, LLC and Wachovia
Capital Markets, LLC are joint lead arrangers and joint book managers. Bank of
Tokyo-Mitsubishi UFJ Trust Company, Deutsche Bank Securities, Inc. and SunTrust
Bank are co-documentation agents.
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