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LONDON - Merrill Lynch International announced Thursday that no stabilisation measures were undertaken for Silgan Holdings Inc.’s recent €600 million senior notes offering, according to a post-stabilisation notice.
The 4.25% Senior Notes due 2031 were offered at a price of 100.00, as stated in the announcement. Merrill Lynch International, which had been appointed as the Stabilisation Manager for the transaction, confirmed that no market stabilisation activities were performed following the issuance.
The announcement follows a pre-stabilisation notice that was released earlier on September 4.
Stabilisation is a process where underwriters may intervene in the market to support the price of newly issued securities during the initial trading period.
The notes have not been and will not be registered under the United States Securities Act of 1933, according to the company statement, and cannot be offered or sold in the United States without registration or an applicable exemption.
Silgan Holdings Inc. is a manufacturer of rigid packaging solutions for consumer goods products.
The information was provided through a regulatory news service announcement via the London Stock Exchange.
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