Silgan Holdings amends credit agreement to facilitate MetalCo transactions
SLGN•Silgan Holdings amended its credit agreement on Nov. 6, 2026, to facilitate MetalCo transactions. The amendment allows eligible transaction proceeds to redeem certain senior notes due in 2028 or 2031.
1. Credit agreement changes
Silgan Holdings amended its credit agreement with lenders and Wells Fargo as administrative agent to facilitate MetalCo transactions. MetalCo and its subsidiaries will become unrestricted subsidiaries, releasing their guarantees and equity pledges under the agreement. Eligible transaction proceeds may be used to redeem 4⅛% Senior Notes due 2028, 2¼% Senior Notes due 2028 or 4¼% Senior Notes due 2031.
2. Transaction conditions
The amendment allows compliance tests for the transactions to be measured as of the Oct. 17, 2026, transaction agreement’s effectiveness, treating the transactions as a Limited Condition Acquisition. MetalCo and its subsidiaries will lose unrestricted status if the transactions fail to close and related agreements are terminated.
