Silgan Holdings Inc. announced the pricing of its new senior unsecured notes offering.
The notes will mature on February 15, 2031, with semi-annual interest payments.
Proceeds from the offering will be used to repay outstanding loans and for general corporate purposes.
Senior Notes Offering
Silgan priced its new 4 1⁄4% Senior Notes due 2031 at 100% of their principal amount.
Guarantees
The new notes will be guaranteed by Silgan's U.S. subsidiaries.
Use of Proceeds
Net proceeds will be used to repay outstanding loans and for general corporate purposes.
- Silgan's move to issue new senior unsecured notes indicates a strategic financing decision.
- The guaranteed nature of the notes reflects Silgan's commitment to meet its financial obligations.
Silgan's successful pricing of the new senior notes signals investor confidence in the company's financial stability and growth prospects.