Company: SLGN
Filing Date: 2025-05-08
Form Type: 10-Q
Source: 0000849869-25-000072
Chunk: 12

Company: SILGAN HOLDINGS INC
Filing Date: 2025-05-08
Form: 10-Q
Item: Part I, Item 1
Chunk 12
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600,000 2¼% Senior Notes540,100 540,000 517,750 1.4% Senior Secured Notes500,000 500,000 500,000 Finance leases41,228 62,905 41,673 Total debt - principal4,640,753 3,892,340 4,150,173 Less unamortized debt issuance costs and debt discount12,190 11,985 13,320 Total debt4,628,563 3,880,355 4,136,853 Less current portion1,145,091 1,345,851 716,932  $3,483,472 $2,534,504 $3,419,921 At March 31, 2025, the current portion of long-term debt consisted of $395.0 million of U.S. revolving loans and $687.0 million of Euro revolving loans under our amended and restated senior secured credit facility, as amended, or the Credit Agreement, $58.8 million of other foreign bank revolving and term loans and $4.3 million of finance leases. On March 15, 2025, we repaid all €650.0 million aggregate principal amount of our outstanding 3¼% Senior Notes due 2025, or the 3¼% Notes, at 100 percent of their principal amount plus accrued and unpaid interest to the repayment date.  We funded this repayment with Euro revolving loan borrowings under the Credit Agreement and cash on hand.

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SILGAN HOLDINGS INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(Information at March 31, 2025 and 2024 and for thethree months then ended is unaudited)

Note 7.               Financial Instruments

The financial instruments recorded in our Condensed Consolidated Balance Sheets include cash and cash equivalents, trade accounts receivable, trade accounts payable, debt obligations and swap agreements. Due to their short-term maturity, the carrying amounts of trade accounts receivable and trade accounts payable approximate their fair market values. The following table summarizes the carrying amounts and estimated fair values of our other financial instruments at March 31, 2025:CarryingAmountFairValue (Dollars in thousands)Assets:  Cash and cash equivalents$353,030 $353,030 Liabilities:  Bank debt$2,959,