Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 169

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 7
Chunk 169
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 Agreement, to finance any such acquisition.

Our Credit Agreement contains restrictive covenants that, among other things, limit our ability to incur debt, sell assets and engage in certain transactions. The indentures governing the 3¼% Notes, the 4⅛% Notes, the 2¼% Notes and the 1.4% Notes contain certain covenants that generally restrict our ability to create liens, engage in sale and leaseback transactions, issue guarantees and consolidate, merge or sell assets. We do not expect these limitations to have a material effect on our business or our results of operations. We are in compliance with all financial and operating covenants contained in our financing agreements and believe that we will continue to be in compliance during 2025 with all of these covenants.

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CONTRACTUAL OBLIGATIONS

Our contractual cash obligations at December 31, 2024 are provided below:

   Payment due by period TotalLess than1 year1-3years3-5yearsMore than5 years (Dollars in millions)Long-term debt obligations$4,108.5 $712.4 $773.6 $1,476.0 $1,146.5 Interest on fixed rate debt132.7 48.6 75.5 7.6 1.0 Interest on variable rate debt(1)456.4 91.2 173.1 143.5 48.6 Operating lease obligations(2) 261.7 58.5 81.4 43.4 78.4 Finance lease obligations(2) 55.4 6.7 8.4 6.9 33.4 Purchase obligations(3) 36.0 36.0 — — — Other pension and postretirement benefit obligations(4)(5)95.0 7.0 15.0 16.0 57.0 Total$5,145.7 $960.4 $1,127.0 $1,693.4 $1,364.9 

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(1)These amounts represent expected cash payments of interest on our variable rate long-term debt under our Credit Agreement, after taking into consideration our interest rate swap agreements, at prevailing interest rates and foreign currency exchange rates at December 31, 2024.

(2)Operating and finance