Silgan will use free cash flow to return to targeted leverage range

By Devika Patel

Knoxville, Tenn., July 26 – Silgan Holdings Inc. will use its free cash flow towards its priority of deleveraging and getting back towards its targeted leverage range.

“We’ll use [our] free cash flow to de-lever, get ourselves back toward the range that we’ve talked about,” executive vice president and chief financial officer Robert B. Lewis said on the company’s second quarter earnings conference call on Wednesday.

“Our priority near-term is to use the cash for de-leveraging,” he said.

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

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