-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, IBAjymjzNtkq9ePVZCaBX0T8Ygjfo9tieNFj3xvmpZQxv1xrCq9Qy27/y2mCEXMK vGRIFL1WbXtgt/xZQCTERw== 0000849869-03-000007.txt : 20030305 0000849869-03-000007.hdr.sgml : 20030305 20030305134940 ACCESSION NUMBER: 0000849869-03-000007 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030304 ITEM INFORMATION: Bankruptcy or receivership FILED AS OF DATE: 20030305 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SILGAN HOLDINGS INC CENTRAL INDEX KEY: 0000849869 STANDARD INDUSTRIAL CLASSIFICATION: METAL CANS [3411] IRS NUMBER: 061269834 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22117 FILM NUMBER: 03592844 BUSINESS ADDRESS: STREET 1: 4 LANDMARK SQ CITY: STAMFORD STATE: CT ZIP: 06901 BUSINESS PHONE: 2039757110 8-K 1 eightkamcor.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ________________________ FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported): March 4, 2003 SILGAN HOLDINGS INC. - ------------------------------------------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 000-22117 06-1269834 - ------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 4 Landmark Square, Stamford, Connecticut 06901 - ------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (203) 975-7110 N/A - ------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events. On March 4, 2003, the registrant announced that it had completed its acquisition of the remaining 65 percent equity interest in Amcor White Cap, LLC, a joint venture of the Company, and that it had closed on $150 million of incremental term loan borrowings under its existing senior secured credit facility. For additional information regarding this announcement, refer to Exhibit 99.1 filed with this Current Report on Form 8-K. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (c) Exhibits Exhibit No. Description ----------- ----------- 99.1 Press Release dated March 4, 2003 regarding the completion of the acquisition of the remaining 65 percent equity interest in Amcor White Cap, LLC, and the closing on $150 million of incremental term loan borrowings. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. SILGAN HOLDINGS INC. By: /s/ Frank W. Hogan, III -------------------------------------- Frank W. Hogan, III Senior Vice President, General Counsel and Secretary Date: March 5, 2003 3 INDEX TO EXHIBITS Exhibit No. Description ----------- ----------- 99.1 Press Release dated March 4, 2003 regarding the completion of the acquisition of the remaining 65 percent equity interest in Amcor White Cap, LLC, and the closing on $150 million of incremental term loan borrowings. 4 EX-99.1 3 amcor.txt PRESS RELEASE Exhibit 99.1 ------------ News For Immediate Release SILGAN HOLDINGS INC. 4 Landmark Square Suite 400 Stamford, CT 06901 Telephone: (203) 975-7110 Fax: (203) 975-7902 Contact: Anthony J. Allott (203) 975-7110 SILGAN HOLDINGS COMPLETES ACQUISITION OF METAL AND PLASTIC CLOSURES MANUFACTURER STAMFORD, CT, March 4, 2003 -- Silgan Holdings Inc. (Nasdaq:SLGN) today announced that it has completed its acquisition of the remaining 65 percent equity interest in Amcor White Cap LLC, a joint venture of the Company. This business, which will now operate under the name Silgan Closures, is a leading supplier of an extensive range of metal and plastic closures to consumer goods packaging companies in the food and beverage industries in North America. The business, which had sales of approximately $250 million in 2002, is headquartered in Chicago and operates 7 manufacturing facilities in the United States and Mexico. The Company paid $37.1 million for the remaining 65 percent equity interest and refinanced approximately $90 million of debt of the business. The Company also announced today that it has closed on $150 million of incremental term loan borrowings under its existing senior secured credit facility. The proceeds from this borrowing were used to fund the acquisition and to repay a portion of outstanding revolving loan borrowings. The terms for the incremental term loans are the same as those under the Company's existing senior secured credit facility, including an interest rate at LIBOR plus a current margin of two percent. An affiliate of Deutsche Bank AG was the sole arranger of the transaction. * * * (more) SILGAN HOLDINGS March 4, 2003 Page 2 Silgan Holdings is a leading North American manufacturer of consumer goods packaging products with annual pro forma sales of approximately $2.2 billion. Silgan operates 68 manufacturing facilities in the U.S., Canada and Mexico. In North America, Silgan is the largest supplier of metal containers for food products, a leading supplier of plastic containers for personal care products and a leading supplier of metal and plastic closures for food and beverage products. Statements included in this press release which are not historical facts are forward looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and the Securities Exchange Act of 1934. Such forward looking statements are made based upon management's expectations and beliefs concerning future events impacting the Company and therefore involve a number of uncertainties and risks, including, but not limited to, those described in the Company's Annual Report on Form 10-K for 2001 and other filings with the Securities and Exchange Commission. Therefore, the actual results of operations or financial condition of the Company could differ materially from those expressed or implied in such forward looking statements. * * * -----END PRIVACY-ENHANCED MESSAGE-----