Silgan Holdings Inc. plans to offer €600 million aggregate principal amount of new senior unsecured notes maturing in 2031.
The notes will be guaranteed by the U.S. subsidiaries of Silgan that guarantee obligations under Silgan's senior secured credit facility and existing senior secured and unsecured notes.
The net proceeds from this offering will be used to repay outstanding revolving loans under the senior secured credit facility and for other general corporate purposes.
New Senior Notes Offering
Silgan Holdings Inc. plans to offer €600 million in new senior unsecured notes maturing in 2031.
Use of Proceeds
The net proceeds will be used to repay outstanding revolving loans and for general corporate purposes.
Guarantees
The notes will be guaranteed by U.S. subsidiaries of Silgan under various obligations.
- Silgan's move to offer new senior notes indicates a strategic financial decision to optimize its debt structure and fund corporate activities.
- The offering reflects Silgan's confidence in favorable market conditions and its commitment to sustainable financial strategies.
Silgan's announcement of the new senior notes offering underscores its proactive financial planning and commitment to sustainable growth.