SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): August 1, 1995
SILGAN CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-11200 06-1207662
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
4 Landmark Square, Stamford, Connecticut 06901
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (203) 975-7110
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Item 5: Other Events.
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On August 1, 1995, Silgan Corporation ("Silgan"), a Delaware
corporation, and its wholly owned subsidiaries, Silgan Containers Corporation
("Containers") and Silgan Plastics Corporation ("Plastics"), entered into a new
$675,000,000 credit facility with its lenders. Proceeds of the new credit
facility were used to finance Containers' acquisition of the assets of the Food
Metal & Specialty division of American National Can Company, to refinance in
full Silgan's, Containers' and Plastics' prior credit facility and Silgan's
$50,000,000 Senior Secured Floating Rate Notes due 1997, and for other general
corporate purposes. Under the new credit facility, Silgan Holdings Inc.
("Holdings"), the parent company of Silgan Corporation, may repurchase at any
time up to $75,000,000 of its 13 1/4% Senior Discount Debentures due 2002 (the
"Debentures"). Holdings intends to complete its repurchase of up to $75,000,000
of its Debentures no later than June 30, 1996.
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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 CORPORATION
By: /s/ Harley Rankin, Jr.
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Harley Rankin, Jr.
Executive Vice President,
Chief Financial Officer
and Treasurer
Date: August 2, 1995
