Silgan to repay revolver borrowings with proceeds from new notes

By Marisa Wong

Los Angeles, Nov. 4 – Silgan Holdings Inc. said it plans to repay outstanding revolving loans under its senior secured credit facility using proceeds from an offering of new notes due 2028.

Silgan used the loans to redeem its 5½% senior notes due 2022 in August, according to a press release.

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

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