Sonoco Products Company
 

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 29, 2007
SONOCO PRODUCTS COMPANY
Commission File No. 0-516
     
Incorporated under the laws   I.R.S. Employer Identification
of South Carolina   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))

 


 

Item 8.01 Other Events.
On May 29, 2007, the Company exercised the option outlined in Section 2.14 of its amended and restated credit agreement dated May 3, 2006, to expand its bank line of credit from $350 million to $500 million. The Company uses this bank line of credit to fully support its commercial paper program, which was concurrently expanded to $500 million. The amended and restated credit agreement has a remaining term through May 3, 2011.

 


 

     SIGNATURE
     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
 
  SONOCO PRODUCTS COMPANY
 
       
Date: June 1, 2007
  By:   /s/ R.L. Bond
 
       
 
  R.L. Bond
Staff Vice President and Treasurer