Silgan €200 million term loan to launch Monday

By Sara Rosenberg

New York, May 5 - Silgan Holdings Inc. is scheduled to hold a bank meeting on Monday to launch its proposed €200 million term loan, according to a market source.

Deutsche Bank is the bookrunner on the deal.

The term loan is expected to be predominantly syndicated to U.S. investors, with some European investors likely participating as well, the source said.

Proceeds will be used to fund the €230 million acquisition of Amcor Ltd.'s White Cap closures business, a Hanover, Germany-based supplier of metal closures to consumer goods packaging companies in the food and beverage industries in Europe, Asia Pacific and South America.

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

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.