Company: SLGN
Filing Date: 2025-02-27
Form Type: 10-K
Source: 0000849869-25-000029
Chunk: 33

Company: SILGAN HOLDINGS INC
Filing Date: 2025-02-27
Form: 10-K
Item: Item 16
Chunk 33
---
883)(3,557)(1,419)(81,859)Balance at December 31, 2024$1,973,738 $116,942 $225,351 $2,316,031 The components of other intangible assets, net at December 31 were as follows:  20242023 GrossAmountAccumulatedAmortizationGrossAmountAccumulatedAmortization (Dollars in thousands)Definite-lived intangibles:Customer relationships$1,059,991 $(299,917)$925,509 $(261,403)Other138,311 (61,057)81,069 (56,292)1,198,302 (360,974)1,006,578 (317,695)Indefinite-lived intangibles:Trade names32,140 — 32,140 — $1,230,442 $(360,974)$1,038,718 $(317,695)In connection with our acquisition of Weener Packaging, as discussed in Note 3, we recognized intangible assets for customer relationships of $168.3 million, trade names of $43.8 million and technology know-how of $18.8 million.Amortization expense in 2024, 2023 and 2022 was $52.6 million, $53.1 million and $52.6 million, respectively.  Amortization expense is expected to be $59.3 million, $58.2 million, $57.5 million, $55.6 million and $54.2 million for the years ended December 31, 2025 through 2029, respectively.

F-17

SILGAN HOLDINGS INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024, 2023 and 2022

 NOTE 9. LONG-TERM DEBT

Long-term debt at December 31 was as follows:20242023 (Dollars in thousands)Bank debt:Bank revolving loans$— $— U.S. term loans850,000 950,000 Euro term loans931,950 — Other foreign bank revolving and term loans35,725 56,243 Total bank debt1,817,675 1,006,243 3¼% Senior Notes673,075 717,990 4⅛% Senior Notes600,000