Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of consumer goods
packaging products, today announced that it plans to offer $200 million
aggregate principal amount of senior unsecured notes maturing in 2016,
subject to market conditions. 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.
The notes being sold by the Company will not initially be registered
under the Securities Act of 1933, as amended, or the Securities Act, or
under any state securities law and may not be offered or sold in the
United States absent registration or an applicable exemption from
registration under the Securities Act and applicable state securities
laws. The notes are being offered only to qualified institutional buyers
under Rule 144A and outside the United States in compliance with
Regulation S under the Securities Act. This press release does not
constitute an offer to sell any security and shall not constitute an
offer, solicitation or sale in any jurisdiction in which such offering
would be unlawful.
Silgan Holdings is a leading manufacturer of consumer goods packaging
products with annual net sales of approximately $3.1 billion in 2008.
Silgan operates 66 manufacturing facilities in North and South America,
Europe and Asia. In North America, Silgan is the largest supplier of
metal containers for food products and a leading supplier of plastic
containers for personal care products. In addition, Silgan is a leading
worldwide supplier of metal, composite and plastic vacuum closures for
food and beverage products.
Statements included in this press release which are not historical facts
are forward looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995 and
the Securities Exchange Act of 1934. Such forward looking statements are
made based upon management’s expectations and beliefs concerning future
events impacting the Company and therefore involve a number of
uncertainties and risks, including, but not limited to, those described
in the Company’s Annual Report on Form 10-K for 2008 and other filings
with the Securities and Exchange Commission. Therefore, the actual
results of operations or financial condition of the Company could differ
materially from those expressed or implied in such forward looking
statements.

Silgan Holdings Inc.
Robert B. Lewis, 203-406-3160