8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C.  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):  June 8, 2010

SILGAN HOLDINGS INC.

(Exact name of Registrant as specified in its 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)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8—Other Events

Item 8.01.    Other Events.

On June 8, 2010, the Registrant announced that it has engaged Deutsche Bank Securities Inc. and Banc of America Securities LLC to arrange a proposed new credit facility to refinance 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.

Section 9—Financial Statements and Exhibits

Item 9.01.    Financial Statements and Exhibits.

(d)          Exhibits

Exhibit No.                                                      Description

   99.1   Press Release dated June 8, 2010 regarding the proposed refinancing of the existing credit facility.

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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:  June 11, 2010

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INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Press Release dated June 8, 2010 regarding the proposed refinancing of the existing credit facility.                                                           4

EX-99.1

                                           EXHIBIT 99.1

News
For Immediate Release
		4 Landmark Square Suite 400 Stamford, CT  06901 Telephone:    (203) 975-7110 Fax:                 (203) 975-7902
		Contact: Robert B. Lewis (203) 406-3160

SILGAN ANNOUNCES PROPOSED

REFINANCING OF ITS EXISTING CREDIT FACILITY

STAMFORD, CT, June 8, 2010 -- Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of consumer goods packaging products, announced today that it has engaged Deutsche Bank Securities Inc. (DBSI) and Banc of America Securities LLC (BAS) to arrange a proposed new credit facility to refinance its existing senior secured credit facility.  Affiliates of DBSI and BAS have committed to provide a portion of the new credit facility, and DBSI and BAS have agreed to arrange a syndicate of lenders to provide the remainder of the new credit facility.  The Company expects to complete the new credit facility in the second or third quarter of 2010.

The new credit facility would extend the maturities and amortization periods of the Company’s bank debt and provide greater flexibility with regard to the Company’s strategic initiatives, including acquisitions.  Although not obligated, the Company could use a portion of the proceeds of this refinancing to redeem its 6.75% Senior Subordinated Notes due 2013.

(more)

SILGAN HOLDINGS

June 8, 2010

Page 2

Upon completion of the new credit facility, the Company would expect to record a charge of approximately $0.03 per diluted share for a loss on early extinguishment of debt for the write-off of debt issuance costs.

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Silgan Holdings is a leading manufacturer of consumer goods packaging products with annual net sales of approximately $3.1 billion in 2009.  Silgan operates 66 manufacturing facilities in North and South America, Europe and Asia.  In North America, the Company is the largest supplier of metal containers for food products and a leading supplier of plastic containers for personal care products.  In addition, Silgan is a leading worldwide supplier of metal, composite and plastic vacuum 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 2009 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.

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