November 12, 2019

A cross-office team represented Silgan Holdings Inc. in an offering of $400 million aggregate principal amount of new 4 1/8% senior unsecured notes.  The offering was upsized by $100 million, from an initially  announced offering size of $300 million.  The offering was made pursuant to Rule 144A and in compliance with Regulation S under the Securities Act of 1933, as amended.  BofA Securities was the representative of the initial purchasers in the offering.

The transaction priced on November 4 and closed on November 12. The new notes will mature on February 1, 2028.

Silgan is a leading supplier of rigid packaging for consumer goods products with annual net sales of approximately $4.4 billion in 2018.  It intends to use the net proceeds from this notes offering to repay outstanding revolving loans under its senior secured credit facility that were used to redeem in August 2019 its 5½% Senior Notes due 2022 and for other general corporate purposes, including acquisitions, stock repurchases and repayments of other indebtedness.

The  team representing Silgan was led by Partner Robert J. Rawn and included Partners Geoffrey M. Davis and Alexander J. May and Associates Kristen M. Iglesias and Julia L. Reeves.