Long-Term Debt (Tables)

6 Months Ended

Jun. 30, 2012

Long-term debt consisted of the following:

	June 30,		June 30,		Dec. 31,
	2012		2011		2011
	(Dollars in thousands)

Bank debt
Bank revolving loans	$	160,000	$	462,839	$	-
U.S. term loans		520,000		400,000		520,000
Canadian term loans		78,400		82,296		79,323
Euro term loans		416,874		179,812		433,825
Other foreign bank revolving and term loans		106,255		122,665		97,874
Total bank debt		1,281,529		1,247,612		1,131,022

5% Senior Notes		500,000		-		-
7¼% Senior Notes, net of unamortized discount		-		244,817		245,237

Total debt		1,781,529		1,492,429		1,376,259
Less current portion		236,640		146,602		87,776
	$	1,544,889	$	1,345,827	$	1,288,483

Redemption Price of Notes Plus Accrued And Unpaid Interest Thereon to Redemption Date

The 5% Notes are redeemable, at the option of Silgan, in whole or in part, at any time after April 1, 2016 at the following redemption prices (expressed in percentages of principal amount) plus accrued and unpaid interest thereon to the redemption date if redeemed during the twelve month period commencing April 1, of the years set forth below:

Year	Redemption Price
2016	102.500%
2017	101.250%
2018 and thereafter	100.000%