Silgan plans to draw down on revolver to redeem notes

By Wendy Van Sickle

Columbus, Ohio, July 1 – Silgan Holdings Inc. will borrow on its revolving credit facility and use cash on hand to finance the redemption of its $300 million of 5½% senior notes due 2022, according to a news release.

The note repayment is scheduled for Aug. 1.

Silgan is a Stamford, Conn., supplier of rigid packaging for consumer goods.

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