Silgan may redeem some 6¾% notes with proceeds from loan refinancing

By Susanna Moon

Chicago, June 8 - Silgan Holdings Inc. said it may use some proceeds from a new credit facility to redeem its 6¾% senior subordinated notes due 2013.

The company said it is scheduled to hold a bank meeting on June 8 for a new credit facility to refinance its existing senior secured credit facility.

Closing on the transaction is expected to take place in the second or third quarter.

Silgan is a Stamford, Conn.-based manufacturer of consumer goods packaging products.

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