Silgan Holdings sells €600 million 4.25% senior notes due 2031 to repay credit line
Silgan Holdings completed the sale of €600 million of 4.25% senior notes due 2031 on September 12, 2025, at 100% of principal. The company used the roughly €592.8 million of net proceeds to repay revolving loan borrowings under its senior secured credit facility, shifting debt from a floating revolver to fixed-rate notes maturing in 2031.
Key points
- Notes: €600 million aggregate principal, 4.25% annual interest, paid semiannually starting February 15, 2026, maturing February 15, 2031
- Net proceeds of approximately €592.8 million after initial purchasers' discount and offering expenses, used to repay revolving loans under the Credit Agreement
- Notes are senior unsecured, guaranteed by certain U.S. subsidiaries, and effectively subordinated to existing secured debt including the Credit Agreement and 1.4% Notes due April 1, 2026
The filing
Written by AI on Nov 8, 2026, 7:02 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on September 18, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.