Silgan to prepay most term loan A debt via new, add-on note proceeds

By Sarah Lizee

Olympia, Wash., Feb. 19 – Silgan Holdings Inc. plans to prepay most of its outstanding U.S. term A loans under its senior secured credit facility using proceeds from a new offering of notes, according to a press release.

The company announced Wednesday that it plans to offer €500 million of new senior notes due June 1, 2028 and $200 million of additional 4⅛% senior notes due Feb. 1, 2028.

Silgan is a Stamford, Conn.-based producer of rigid packaging for consumer goods.

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