Silgan Holdings to price $200 million seven-year notes on Tuesday

By Paul A. Harris

St. Louis, May 4 - Silgan Holdings Inc. will host an investor call at 9 a.m. ET on Tuesday for its $200 million offering of seven-year senior notes, according to an informed source.

The Rule 144A with registration rights deal is expected to price Tuesday afternoon.

Credit ratings remain to be determined.

Banc of America Securities LLC, Deutsche Bank Securities Inc. and Morgan Stanley & Co. Inc. are joint bookrunners. BNP Paribas Securities Corp., RaboBank and RBS Securities Inc. are co-managers.

The notes come with four years of call protection and a change-of-control put at 101%.

Proceeds will be used to repay installments of the company's existing term debt.

Silgan is a Stamford, Conn.-based manufacturer of consumer goods packaging products.

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