Silgan Holdings Completes $1.4B Financing

On July 7, 2010, Silgan Holdings Inc., a leading supplier of consumer goods packaging products, completed new upsized senior secured credit facilities which refinance its existing senior secured credit facilities. Deutsche Bank Securities Inc. and Banc of America Securities LLC were the joint lead arrangers and joint book managers for the new syndicated credit facilities.

The new credit facility provides Silgan Holdings with US$400 million of US dollar term loans, €125 million of Euro term loans, $81 million of Canadian dollar term loans, a US$790 million multicurrency revolving facility and a $10 million Canadian revolving facility. The term loans provided under the new credit facilities refinanced the existing term loans and the excess proceeds from the new term loans may be used by Silgan Holdings for general corporate purposes including acquisitions, stock repurchases and refinancing of other debt.

Silgan Holdings Inc. was advised by a team led by Frank Hogan, Senior Vice President and General Counsel, and Peter Efremenko of Silgan Holdings, and assisted by a team of outside legal advisors led by Bryan Cave LLP with a team led by Robert Rawn and Andrew Auerbach that included Morgan Bassett and James Peiser, and, with respect to Canadian issues, assisted by Fasken Martineau DuMoulin LLP with a team led by Brian Wright that included Mark Stinson, Angela Onesi, Ronald Nobrega, Peter Armstrong and Alexandre Gagnon.

Deutsche Bank Securities Inc. and Banc of America Securities LLC were advised by White & Case LLP in the United States with a team led by David Bilkis that included Nicholas Palumbo, and Stikeman Elliott LLP in Canada with a team led by Daphne MacKenzie and including Sylvia Avedis, Meaghan Obee Tower, Alim Lalani and Laura Salvati.

Lawyer(s)

Angela Onesi Brian G. Wright Alexandre Gagnon Alim Lalani J. Mark Stinson Sylvia Avedis Daphne J. MacKenzie Ronald E. Nobrega Laura Salvati Peter G. Armstrong Meaghan Obee Tower

Firm(s)

Bryan Cave LLP Fasken Martineau DuMoulin LLP White & Case LLP Stikeman Elliott LLP