Silgan Announces Completion of Amendment to Senior Secured Credit Facility
Silgan Holdings (NYSE: SLGN) has completed an amendment to its senior secured credit facility, extending maturity dates to five years for revolving loans and six years for term loans. The amendment removes springing maturity date provisions for senior notes and provides additional flexibility. The company, which generated approximately $6.0 billion in annual net sales in 2023, operates 124 manufacturing facilities across North and South America, Europe, and Asia, serving as a leading supplier of sustainable rigid packaging solutions for consumer goods products.
Silgan Holdings (NYSE: SLGN) ha completato un'emendamento alla sua linea di credito senior garantita, estendendo le scadenze a cinque anni per i prestiti revolving e sei anni per i prestiti a termine. L'emendamento rimuove le disposizioni relative alla scadenza di tipo ‘springing’ per le obbligazioni senior e offre ulteriore flessibilità. L'azienda, che ha generato circa 6,0 miliardi di dollari in vendite nette annuali nel 2023, gestisce 124 stabilimenti di produzione in Nord e Sud America, Europa e Asia, fungendo da fornitore leader di soluzioni di imballaggio rigido sostenibile per prodotti di consumo.
Silgan Holdings (NYSE: SLGN) ha completado una enmienda a su facilidad de crédito senior garantizada, extendiendo las fechas de vencimiento a cinco años para préstamos revolventes y seis años para préstamos a plazos. La enmienda elimina las disposiciones de fecha de vencimiento por ‘springing’ para las notas senior y proporciona mayor flexibilidad. La compañía, que generó aproximadamente $6.0 mil millones en ventas netas anuales en 2023, opera 124 instalaciones de fabricación en América del Norte y del Sur, Europa y Asia, sirviendo como un proveedor líder de soluciones de empaque rígido sostenible para productos de consumo.
실간 홀딩스 (NYSE: SLGN)는 선순위 담보 신용 시설에 대한 수정안을 완료하여 회전 대출의 만기를 5년, 기간 대출의 만기를 6년으로 연장했습니다. 이 수정안은 선순위 노트에 대한 스프링 만기일 조항을 삭제하고 추가적인 유연성을 제공합니다. 2023년 연간 순매출 약 $6.0 billion을 창출한 회사는 북미, 남미, 유럽, 아시아에 걸쳐 124개의 제조 시설을 운영하며 소비재 제품을 위한 지속 가능한 경량 포장 솔루션의 주요 공급업체 역할을 하고 있습니다.
Silgan Holdings (NYSE: SLGN) a terminé un amendement à sa facilité de crédit senior garantie, prolongeant les dates d'échéance à cinq ans pour les prêts renouvelables et six ans pour les prêts à terme. L'amendement supprime les dispositions de date d'échéance de type ‘springing’ pour les obligations senior et offre une flexibilité supplémentaire. L'entreprise, qui a généré environ 6,0 milliards de dollars de ventes nettes annuelles en 2023, exploite 124 installations de fabrication à travers l'Amérique du Nord et du Sud, l'Europe et l'Asie, agissant comme un fournisseur leader de solutions d'emballage rigide durable pour les produits de consommation.
Silgan Holdings (NYSE: SLGN) hat eine Änderung seiner senior gesicherten Kreditfazilität abgeschlossen und die Fälligkeiten auf fünf Jahre für revolvierende Kredite und sechs Jahre für Terminkredite verlängert. Die Änderung entfernt die springenden Fälligkeitsdatumsklauseln für die Senior Notes und bietet zusätzliche Flexibilität. Das Unternehmen, das 2023 etwa 6,0 Milliarden US-Dollar an Nettoumsatz erzielt hat, betreibt 124 Produktionsanlagen in Nord- und Südamerika, Europa und Asien und ist ein führender Anbieter nachhaltiger starre Verpackungslösungen für Konsumgüterprodukte.
- Extended credit facility maturity dates providing longer-term financial stability
- Increased financial flexibility through removal of springing maturity provisions
- Strong credit market position demonstrated by bank syndicate support
- Substantial annual revenue of $6.0 billion in 2023
- None.
Insights
The credit facility amendment strengthens Silgan's financial flexibility and debt structure. Key improvements include extended maturity dates to 5 years for revolving loans and 6 years for term loans, removal of springing maturity provisions for senior notes and enhanced operational flexibility. With
The removal of springing maturity provisions is particularly significant as it reduces refinancing risk and provides better debt management options. For a company of Silgan's size in the packaging sector, maintaining robust credit facilities is important for working capital management and potential strategic acquisitions. The amendment positions them well for continued market expansion while maintaining financial stability.
“We are pleased to announce the successful completion of an amendment to our senior secured credit facility,” said Kim Ulmer, Senior Vice President and Chief Financial Officer. “Our amended credit facility demonstrates the long-term support of our diverse bank syndicate and our strong position in the credit markets. This amendment extends maturities and provides us with greater flexibility, leaving us well positioned to continue to pursue our strategic initiatives,” concluded Ms. Ulmer.
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Silgan is a leading supplier of sustainable rigid packaging solutions for the world's essential consumer goods products with annual net sales of approximately
View source version on businesswire.com: https://www.businesswire.com/news/home/20241104588384/en/
Alexander Hutter
Vice President, Investor Relations
AHutter@silgan.com
203-406-3187
Source: Silgan Holdings Inc.
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