Silgan prices €600 million senior notes offering at 4¼% due 2031

NORWALK, Conn. - Silgan Holdings Inc. (NYSE:SLGN), currently trading near its 52-week low with a market capitalization of $4.77 billion, has priced a private offering of €600 million in senior unsecured notes at 4¼% due in 2031, the packaging supplier announced Wednesday. According to InvestingPro data, the company’s stock is currently trading slightly above its Fair Value.

The notes were priced at 100 percent of their principal amount and will mature on February 15, 2031. Interest will be paid semi-annually beginning February 15, 2026, according to the company’s statement.

The offering will be guaranteed by Silgan’s U.S. subsidiaries that currently guarantee its senior secured credit facility and existing notes. The company plans to use the proceeds to repay outstanding revolving loans under its senior secured credit facility and for general corporate purposes.

The notes are being offered only to qualified institutional buyers under Rule 144A and to non-U.S. investors under Regulation S of the Securities Act, as they will not be registered under the Securities Act of 1933.

Silgan describes itself as a supplier of sustainable rigid packaging solutions for consumer goods products, with annual net sales of approximately $5.9 billion in 2024. The company operates 124 manufacturing facilities across North and South America, Europe, and Asia.

The company provides dispensing and specialty closures for various consumer products including food, beverage, and personal care items. Silgan also supplies metal containers in North America and Europe for pet food, human food, and other products.

The information in this article is based on a press release statement from Silgan Holdings Inc.

In other recent news, Silgan Holdings Inc. reported its Q2 2025 earnings, where the company posted an adjusted earnings per share (EPS) of $1.01, slightly missing the forecasted $1.03. However, the company exceeded revenue expectations, bringing in $1.54 billion compared to the anticipated $1.53 billion. Silgan Holdings also announced plans to offer €600 million in senior unsecured notes maturing in 2031, with the proceeds intended to repay outstanding revolving loans and for general corporate purposes. BofA Securities recently upgraded Silgan Holdings from Neutral to Buy, citing valuation, and increased its price target from $53.00 to $57.00. The upgrade followed a significant drop in Silgan’s stock due to reduced earnings guidance and other challenges. Additionally, Silgan Holdings declared a quarterly dividend of $0.20 per share, payable in September 2025. These developments reflect a mix of strategic financial maneuvers and market responses for Silgan Holdings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.