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Silgan To Offer $200 Million Of Senior Notes

May 5, 2009 (FinancialWire) — Silgan Holdings Inc. (NASDAQ: SLGN) plans to offer $200 million of senior unsecured notes maturing in 2016.

The company plans to use the net proceeds from this offering to prepay 2009 installments of term loans and a portion of 2010 installments of term loans under its senior secured credit facility.

Stamford, Connecticut-based Silgan Holdings is a manufacturer of consumer goods packaging products that operates 66 manufacturing facilities in North and South America, Europe and Asia.

In North America, Silgan is a supplier of metal containers for food products and a supplier of plastic containers for personal care products. It is also a worldwide supplier of metal, composite and plastic vacuum closures for food and beverage products.

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