STAMFORD, Conn.--(BUSINESS WIRE)--Feb. 6, 2017--
Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of rigid
packaging for consumer goods products, announced today that it plans to
offer $300 million aggregate principal amount of senior unsecured notes
maturing on March 15, 2025 and €450 million aggregate principal amount
of senior unsecured notes maturing on March 15, 2025, in each case
subject to favorable market conditions. Silgan intends to use the net
proceeds from the U.S. Dollar notes offering to prepay a portion of its
outstanding U.S. Dollar term loans and repay a portion of its
outstanding revolving loans under its senior secured credit facility.
Silgan intends to use the net proceeds from the Euro notes offering to
prepay all outstanding Euro term loans and repay a portion of its
outstanding revolving loans under its senior secured credit facility and
to repay certain foreign bank revolving and term loans of certain of its
non-U.S. subsidiaries.
The notes being offered by Silgan will not initially be registered under
the Securities Act of 1933, as amended, or the Securities Act, or under
any state securities law and may not be offered or sold in the United
States absent registration or an applicable exemption from registration
under the Securities Act and applicable state securities laws. The notes
will be offered only to qualified institutional buyers under Rule 144A
and outside the United States in compliance with Regulation S under the
Securities Act. This press release does not constitute an offer to sell
any security and shall not constitute an offer, solicitation or sale in
any jurisdiction in which such offering would be unlawful.
Silgan is a leading supplier of rigid packaging for consumer goods
products with annual net sales of approximately $3.6 billion in 2016.
Silgan operates 87 manufacturing facilities in North and South America,
Europe and Asia. Silgan is a leading supplier of metal containers in
North America and Europe and a leading worldwide supplier of metal,
composite and plastic closures for food and beverage products. In
addition, Silgan is a leading supplier of plastic containers for
shelf-stable food and personal care products in North America.
Statements included in this press release which are not historical facts
are forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 and
the Securities Exchange Act of 1934, as amended. Such forward-looking
statements are made based upon management’s expectations and beliefs
concerning future events impacting the Company and therefore involve a
number of uncertainties and risks, including, but not limited to, those
described in the Company’s Annual Report on Form 10-K for 2015 and other
filings with the Securities and Exchange Commission. Therefore, the
actual results of operations or financial condition of the Company could
differ materially from those expressed or implied in such
forward-looking statements.
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Source: Silgan Holdings Inc.
Silgan Holdings Inc.
Robert B. Lewis, 203-406-3160