LONG-TERM DEBT (Tables)

12 Months Ended

Dec. 31, 2011

Long-term Debt

Long-term debt at December 31 is as follows:

	2011		2010
	(Dollars in thousands)
Bank debt:
Bank revolving loans	$	—	$	—
U.S. term loans		520,000		400,000
Canadian term loans		79,323		81,000
Euro term loans		433,825		165,313
Other foreign bank revolving and term loans		97,874		13,949
Total bank debt		1,131,022		660,262
7 1/4% Senior Notes, net of unamortized discount		245,237		244,412
Total debt		1,376,259		904,674
Less current portion		87,776		13,949
	$	1,288,483	$	890,725

Aggregate Annual Maturities of Debt

The aggregate annual maturities of our debt (non-U.S. dollar debt has been translated into U.S. dollars at exchange rates in effect at the balance sheet date) are as follows (dollars in thousands):

2012	$	87,776
2013		159,011
2014		159,011
2015		208,649
2016		456,630
Thereafter		309,945
	$	1,381,022

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

The 7 ¹/4% Notes are redeemable, at the option of Silgan, in whole or in part, at any time after August 15, 2013 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 August 15, of the years set forth below:

Year	Redemption Price
2013		103.625%
2014		101.813%
2015 and thereafter		100.000%