Silgan Holdings completes $1.4 billion financing

On July 7, 2010, Silgan Holdings Inc., a leading supplier of consumer goods packaging products, completed new upsized senior secured credit facilities which refinance its existing senior secured credit facilities. Deutsche Bank Securities Inc. and Banc of America Securities LLC were the joint lead arrangers and joint book managers for the new syndicated credit facilities.

The new credit facility provides Silgan Holdings Inc. with US$400 million of US dollar term loans, €125 million of Euro term loans, Cdn. $81 million of Canadian dollar term loans, a US $790 million multicurrency revolving facility and a Cdn. $10 million Canadian revolving facility. The term loans provided under the new credit facilities refinanced the existing term loans and the excess proceeds from the new term loans may be used by Silgan Holdings Inc. for general corporate purposes including acquisitions, stock repurchases and refinancing of other debt.

Silgan Holdings Inc. was advised in Canada by Fasken Martineau with a team led by Brian Wright and including Mark Stinson, Angela Onesi, Ron Nobrega, Peter Armstrong and Alexandre Gagnon.