Silgan Announces Successful Completion of a New Upsized Senior Secured Credit Facility

Silgan Holdings Inc. SLGN announced today that it has successfully completed a new upsized senior secured credit facility which refinances its existing senior secured credit facility and provides greater flexibility with regard to its strategic initiatives. Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith Incorporated, Citigroup Global Markets Inc. and Wells Fargo Securities, LLC were the joint lead arrangers and joint book managers for the new syndicated credit facility. The new credit facility provides the Company with US $520 million of US A term loans, €335 million of Euro A term loans, Cdn $81 million of Canadian A term loans and a US $800 million multicurrency revolving loan facility. In addition, the new credit facility provides greater flexibility to the Company to, among other things, make acquisitions, pay dividends, repurchase stock and incur additional debt.