Silgan Announces Pricing for New Senior Secured Notes Offering

first_img Twitter Local NewsBusiness WhatsApp Facebook TAGS  STAMFORD, Conn.–(BUSINESS WIRE)–Feb 3, 2021– Silgan Holdings Inc. (Nasdaq:SLGN), a leading supplier of sustainable rigid packaging solutions for consumer goods products, announced today that it priced its previously announced private offering of senior secured notes. Silgan announced that it entered into an agreement to sell $500 million aggregate principal amount of its 1.4% Senior Secured Notes due 2026 at 99.945 percent of their principal amount. The new notes will mature on April 1, 2026. Interest on the new notes will accrue and be payable semi-annually on April 1 and October 1 of each year, commencing October 1, 2021. The new notes will be guaranteed on a senior secured basis by the U.S. subsidiaries of Silgan that guarantee obligations under Silgan’s senior secured credit facility. The new notes and the related guarantees will be secured on a pari passu basis with Silgan’s senior secured credit facility by the same collateral of Silgan and its U.S. subsidiaries that secures their obligations under Silgan’s senior secured credit facility. Silgan intends to use the net proceeds from the new senior secured notes offering to prepay a portion of its outstanding term loans under its senior secured credit facility. The notes being offered by Silgan will not be registered under the Securities Act of 1933, as amended, or the Securities Act, or under any state securities law and may not be offered or sold in the United States absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws. The notes will be offered only to qualified institutional buyers under Rule 144A and outside the United States in compliance with Regulation S under the Securities Act. This press release does not constitute an offer to sell any security and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering would be unlawful. Silgan is a leading supplier of sustainable rigid packaging solutions for consumer goods products with annual net sales of approximately $4.9 billion in 2020. Silgan operates 110 manufacturing facilities in North and South America, Europe and Asia. The Company is a leading supplier of metal containers in North America and Europe for food and general line products. The Company is also a leading worldwide supplier of dispensing systems and metal and plastic closures for food, beverage, health care, garden, home, personal care and beauty products. In addition, the Company is a leading supplier of plastic containers for shelf-stable food and personal care products in North America. 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, as amended. 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 2019 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. View source version on CONTACT: Robert B. Lewis (203) 406-3160 KEYWORD: CONNECTICUT UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: PACKAGING MANUFACTURING STEEL SOURCE: Silgan Holdings Inc. Copyright Business Wire 2021. PUB: 02/03/2021 04:45 PM/DISC: 02/03/2021 04:45 PM By Digital AIM Web Support – February 3, 2021 Pinterestcenter_img Pinterest Twitter Facebook Silgan Announces Pricing for New Senior Secured Notes Offering WhatsApp Previous articleFaurecia et Immersion Corporation s’associent autour des technologies automobiles haptiquesNext articleOne Step Forward, Two Steps Back Digital AIM Web Supportlast_img read more

AUDIO: Referee Denied Us All Three Points In Nnewi – Manu Garba

first_imgAudio Player Up/Down Arrow keys to increase or decrease volume.RelatedPlayers Performance In Turkey To Decide World Cup Fate – Eaglets Coach Manu Garba (AUDIO)September 23, 2019In “National Team”NPFL MD22 Roundup: Mixed Reactions Follow End of Regular Season as Clubs Return to the Lower League Due to Close CallMay 27, 2019In “NPFl”NPFL: Rivers United In Woeful Display Against Wikki TouristsMarch 18, 2019In “NPFl” Head coach of Gombe United Manu Garba is of the opinion that his side could have defeated FC IfeanyiUbah in a Nigeria Professional Football League (NPFL) Match Day 31 clash in Nnewi on Sunday, save for the antics of the center referee.Isaac Loute’s brace for the ‘Anambra Warriors’ was cancelled out by second half goals from Sani Abbani and Austine Oladapo as the ‘Desert Scorpions’ came from behind to draw 2-2 against the Federation Cup (now Aiteo Cup) holders.Speaking after the match, the former Golden Eaglets and Flying Eagles handler stated that Gombe United could have won the match in additional time if not for the intervention of the referee who stopped the encounter when his team was on the verge of clinching the maximum points.“Honestly speaking, we left home not to come and see Nnewi City but to return home with a positive point,” he said.“We came here (Nnewi) to try and pick the three maximum points but it is said that ‘man proposes, God disposes’.“Although, If I were the referee, the match could have ended 3-2 (in our favour) because after the 90 minutes, there was 5 minutes stoppage time raised by the referee (fourth official).“So on the 4th minute of additional time with some seconds remaining, we started a build up and the ball was crossed into the penalty area. Somebody (my player) was about to tap the ball inside the net and the referee just blew the match off,” a disappointed Garba explained.Gombe United remain in the relegation zone despite the draw, with 36 points from 31 matches.They will return home to face Lobi Stars in a Match Day 32 tie on Sunday as they continue their battle to escape the dreaded drop.last_img read more

Dmitry Bivol wants the biggest fights available at light heavyweight and super middleweight

first_imgBivol faces a solid test in Smith (24-2, 20 KOs), who comes in having won 18 of his last 19 fights, including sending Bernard Hopkins into retirement with an emphatic eighth-round knockout in December 2016, when he infamously punched the future Hall of Famer through the ropes. When Smith was proposed to Bivol for his DAZN debut, the light heavyweight champ felt like Smith fit the criteria that he’s looking for at this stage of his career.”Getting a good opponent is important because I try to fight the best guys I can,” Bivol said. “Joe Smith is a very good, experienced fighter. I’ve seen a lot of his fights, especially with Hopkins and [Andrzej] Fonfara. It’s definitely a tough test and those are what I want and looking for.” “I can make the light heavyweight limit of 175 pounds very easily,” Bivol told Sporting News. “It’s not that hard for me. I know that I can make 168. I’m looking for the biggest fights in both divisions. If I also fight at 168, it opens up more doors and more opportunities for me. So, if there’s going to be a big fight, then that is something I will be looking into in the future. That was something I discussed with DAZN when I signed with them. Why not give myself more opportunities for bigger fights?”Join DAZN to watch Bivol-Smith on March 9The super middleweight division features boxers such as WBO titlist Gilberto Ramirez, IBF champion Caleb Plant, and David Benavidez. But the two biggest names that stick out to boxing fans and Bivol are WBA (super) titleholder and the winner of the World Boxing Super Series, Callum Smith, and of course, WBA (regular) champion Saul “Canelo” Alvarez. Initially when asked if he would like to face either Alvarez or Smith first, the hard-hitter from Tokmak, Kyrgyzstan didn’t have a preference. Although, he quickly shifted toward boxing’s biggest star.”I’m ready to fight any of them,” explains Bivol (15-0, 11 KOs). “It really doesn’t matter. Canelo Alvarez would be a huge fight. It’s a very competitive fight and an interesting one for both of us and for the fans. If they are ready to fight me, as far as I’m concerned, those fights are going to be easier to make than some of the other guys at 175 pounds.”Bivol’s current weight class is nothing to sneeze at. It has former unified and current WBO champion Sergey Kovalev, IBF titleholder Artur Beterbiev and former WBO titlist Eleider Alvarez. The issue in pitting Bivol against any of them is they have co-promotional deals with Top Rank. “That is definitely one of the reasons why it’s harder to make fights,” Bivol said of guys fighting with contracts under different promotions. “But I also think there are other reasons like politics being involved. I do believe if people want to see those fights, then they can get made. That’s why I’m keeping my options open at 168. Whatever big fights can be made, I want them.”  Bouncing back and forth between weight classes isn’t easy. But Dmitry Bivol is willing to give it a try.The WBA light heavyweight champion, who defends his title against Joe Smith Jr. on Saturday in Verona, N.Y., wants to juggle between competing down at super middleweight and his current division, ideally.last_img read more

Steel Sensations…A look at tight ends and wide receivers

first_imgPittsburgh Steelers wide receiver Antonio Brown (84) drops the sixth football that he tried to catch while holding the first five he caught in a punt catching drill during NFL football training camp in Latrobe, Pa., on Thursday, July 31, 2014 . (AP Photo/Keith Srakocic)The Steelers appear to be loaded with depth at the pass catching positions as they currently hold six tight ends and eleven wide receivers on their roster.As the team progresses through camp and the pre-season; those numbers will dwindle and the dust will settle on who’s going to be ranked where. In the meantime; there are  some very interesting battles going on for various spots amongst both units and how they play out will be determined on the field.Tight end is always a very important position in the Todd Haley offense and the number one tight end is of course Heath Miller. Miller looks as healthy as ever and has a great opportunity to go back to the 2012 form that saw him grab over 70 balls for a career high 816 yards and eight touchdowns. Miller can do it all and is still one of the best tight ends in all of football.Heath Miller (AP Photo/File)The number two spot will be more interesting as it looks to be a battle between Matt Spaeth and David Paulson. Spaeth missed last season but if he can remain healthy, he should win the number two job. He’s tall, can catch the ball well and is a decent pass and run blocker. His experience gives him the edge.That leaves David Paulson as the number three tight end which should see him play a role more as a blocking end with the occasional reception. Paulson does have talent and played in all 16 games for the black and gold last season. He certainly has an outside chance of grabbing that second spot.The fourth and in all likelihood final tight end spot will come down to a battle between rookies Rob Blanchflower and Eric Waters and veteran Michael Palmer.Palmer was on the team last season and has 22 career receptions but I believe he’s the first man eliminated from this list and will be part of the teams’ first round of cuts.The two rookies will battle for that final spot and the edge will ultimately go to Blanchflower. The team drafted him in round seven this past May and I believe they look at him as a good developmental player. There is potential the team could keep Waters in that same vain but more likely that he’ll be put on the practice squad.Members of the media are reflected in the side of a van as Pittsburgh Steelers wide receiver Antonio Brown arrives for NFL football training camp at the team training facility in Latrobe, Pa., Friday, July 25, 2014. (AP Photo)Like tight end, wide receiver has their clear number one guy and that’s Antonio Brown. Brown is the team’s best and most athletic receiver and will be Big Ben’s number one target.Brown, now entering his fifth season is coming off an historic year in which he set career bests with 110 catches, 1,499 receiving yards and eight touchdowns.It would be shocking if he didn’t have a year similar to 2013 and there is certainly potential for him to go beyond last years’ performance as well. He has the ability to go across the middle, stretch the field and most certainly grab a ball in the bubble screen. He made everyone forget about Mike Wallace and he’s fast approaching Hines Ward level numbers.The second wide receiver spot is going to be a battle between second year man Markus Wheaton, rookie Martavis Bryant and newly signed veterans Lance Moore and Darrius Heyward Bey.All indications are the team wants the job to go to Markus Wheaton so it’s certainly his to lose. He didn’t show us anything in 2013 so he’s essentially starting fresh in 2014. Wheaton has good hands, he’s a burner and he can stretch the field but I don’t think he’s going to land the job. He seems too inconsistent and injury prone to be a second option for Roethlisberger.My money is on rookie Martavis Bryant. He’s the tallest receiver on the team outside of Derek Moye, he’s got very good hands and it’s not as hard for rookie wide receivers to learn an offensive system. They simply need to know how to run their routes and he can do that.Bryant reminds me of a young Plaxico Burress and it makes far more sense to have that tall, possession receiver as the number two vs. having another burner across from Antonio Brown.Heyward Bey and Moore absolutely have the potential to grab that second spot and certainly have more experience than anyone else on the team but I don’t think they were necessarily brought in to be the second option for Big Ben but rather to lend depth to the unit as well as help lead the group of young guys.The three through five spots will be between Wheaton, Heyward Bey and Moore and I think they may even interchange based on matchups. Wheaton and Heyward Bey are the speed guys and Moore is the possession guy so it will all be situational between these three.From a depth chart perspective the rankings will probably shake out with Wheaton being the third guy, Moore the four and Heyward Bey the five.  Each one of them will play a significant role in the offense however.The biggest question left is whether or not the team will keep a sixth guy?Typically based on other position needs; the team only keeps five receivers so it looks like it might be tough luck for Derek Moye, Danny Coale, Justin Brown, CJ Goodwin, Kashif Moore and Lanear Sampson.A few of these guys may get a practice squad spot and maybe one of them will surprise everyone and steal away the fifth receiver spot from one of the vets but it seems very unlikely.Never the less, keep your eye on Justin Brown and CJ Goodwin as they have the best chance of unseating one of the guys in front of them for that fifth job. They too are the most likely to be retained on the practice squad, if nothing else.While both tight end and wide receiver have clear number one players, the rest of the depth chart must be played out throughout camp and into the pre-season.  Jobs are won and lost in “the trenches” as Mike Tomlin says; so by the third pre-season game, we’ll know exactly how this depth chart will shake out and who’s “in” and who’s “out”.Mike Pelaia hosts the website Steel Nation Association Covering the Steelers and helping Children’s Hospital All Day Everyday. You can e-mail him at [email protected]last_img read more

Camp Quixote Helps the Less Fortunate to Get Back on Their…

first_imgFacebook3Tweet0Pin0These tough economic times have affected us all in one way or another, some of us worse than others. Many people have become homeless in these past few years due to the lack of jobs, disabilities etc. While there are homeless shelters in the Thurston County area, they are getting more and more crowded and cannot accommodate the high demand. Instead of condemning these people to sleep on the streets, the Panza Committee partnered with the City of Olympia to found Camp Quixote back in 2007.According to their website, “Camp Quixote is a member-run democratic community.” The camp’s members live in a tent village that migrates roughly every ninety days to the grounds of various host facilities, primarily local churches. The Panza Committee aids the campers by providing various workshops on leadership, anger management, or general workplace knowledge which has helped many of the camp members to get back on their feet and into permanent, or low-income, housing.Camp Quixote has become a safe haven for those with no access to homeless shelters, although, even though tarps and tents provide some shelter, it is not nearly enough for Washington’s winter weather conditions. Currently, Panza is working to acquire enough funding to begin construction on a permanent eco-village in the Olympia area in which to house its current and future residents. Similar villages have already been constructed in Seattle, Portland, and Miami. Therefore Panza plans to follow in their footsteps by providing Camp Quixote with a sedentary village of its own.The Panza Committee is doing great work in running Camp Quixote, but they could use your help. You can make donations to their cause at their website, or, if you cannot donate money, there are plenty of ways to donate your time. On the volunteer page of their site, it details how you can get connected with the camp and take a shift visiting with, providing resources to, or helping out, the residents there. This is an excellent way to give back to your community and help people in need.For information on how to volunteer, donate, or about Camp Quixote and Panza in general, visit the following links below.Links:To the Camp Quixote Homepage: the Panza Homepage: More information on Volunteering: Credit: unkown: inform us so we can give proper credit if you know the author.About the Author:Morgan Forde is a local college student from Yelm, who plans to double-major in political science and journalism. She enjoys writing, reading novels, and spending quality time with her friends and family.last_img read more

Did Fallout from the Solyndra Debacle Lead to Canceled Loan Guarantees?

first_imgOnly a few weeks ago, it appeared as if photovoltaic specialist SolarCity was well on its way to launching Project SolarStrong, a $1 billion plan to install PV systems on 160,000 military residences. The project would double the number of residential rooftop systems in the U.S., according to its backers.Then came solar company Solyndra’s filing for bankruptcy protection on September 6. And on September 23, SolarCity, based in Foster City, California, announced that it did not have enough time to comply with a newly announced request by the Department of Energy for additional documentation the DOE said it needed before it would guarantee $275 million of a $344 million loan for a major segment of SolarStrong, whose estimated total cost is $1 billion. The loan guarantee was needed to make the first segment of the project profitable for SolarCity.The DOE technically has until September 30 to finalize its approval of the guarantee, but that deadline will be missed. An affiliate of investment firm US Renewables Group and Bank of America were lined up to make the loan.Solyndra syndromeSolarCity’s CEO, Lyndon Rive, told Bloomberg news that the Solyndra meltdown prompted the DOE request for additional information. “Because of the Solyndra bankruptcy, additional documentation and reviews were required that we couldn’t get done in the next five days,” Rive said. “Everyone has been very supportive of this project and if we had a little more time we could get it done.”But a DOE spokesman, Damien LaVera, said Solyndra’s troubles had nothing to do with the snag in SolarCity’s quest for the loan guarantee. “All of the extensive due diligence and legal documentation simply cannot be completed by September 30,” LaVera said. “The questions surrounding the Solyndra application had no impact on other applications, including this one.”In fact, SolarCity is not the only solar firm to stumble in pursuit of a DOE loan guarantee. Thin-film specialist First Solar announced on September 22 that it wouldn’t receive a $1.9 billion guarantee because it could meet the September 30 deadline. On the other hand, First Solar did land a $967 million guarantee in August for a project in Arizona, the Bloomberg story notes. And in recent weeks at least three other projects – one focused on ethanol production and two on renewable-energy installations – have secured DOE loan guarantees totaling $623 million.last_img read more

10 months agoReal Madrid captain Ramos: We don’t miss Ronaldo

first_imgReal Madrid captain Ramos: We don’t miss Ronaldoby Carlos Volcano10 months agoSend to a friendShare the loveReal Madrid captain Sergio Ramos insists they do not miss former teammate Cristiano Ronaldo.Ronaldo left Real in August for Juventus.Preparing for their Club World Cup defence, Ramos insists they don’t miss the Portuguese.”I think that on the field there will not be much difference, despite the absence of Cristiano Ronaldo, who was a decisive player for us, but we are going to compete with the same philosophy as always in the club: to win,” explained Ramos.”We have good memories of this competition, because we have been successful on previous occasions, it is a short competition and there is no margin for error, there is a semifinal and then a final, and we want to take the cup back home.” About the authorCarlos VolcanoShare the loveHave your saylast_img read more

February retail sales slip as auto gas purchases fade

first_imgWASHINGTON – U.S. consumers spent less at auto dealers, gas stations and department stores in February, causing overall retail sales to slip 0.1 per cent despite signs elsewhere of a robust economy and the tax cuts signed into law by President Donald Trump starting to take effect.It was the third consecutive month of declining retail sales, the Commerce Department said Wednesday, though they’re still 4 per cent higher from a year ago. Shoppers have opened 2018 with a cold spell after robust spending gains in the months leading up to the holidays. The core retail sales that economists monitor — which exclude autos, building materials, gasoline and restaurants — improved a mere 0.1 per cent in February after essentially being flat in January.So far, the promise of higher take-home pay from Trump’s tax cuts appears to have had little influence on spending for big ticket items such as autos. But many economists expect to see gathering momentum for consumer spending given that the unemployment rate is at a low 4.1 per cent and the benefits from the tax cuts start to filter through the broader economy.“This lull is temporary,” said Gus Faucher, chief economist at PNC Financial Services.Michael Dolega, a senior economist at TD Bank, said he anticipates stronger retail sales in March. He noted that much of the decline was at auto dealers, which had been booking sales growth as people replaced vehicles damaged last year by hurricanes Harvey and Irma. He also noted that federal income tax filing season for 2017 had a relatively late start, so people may be spending any refunds later in the year.Still, there may be limits to how much retail sales can rise. Consumers have continued migrating to online outlets such as Amazon and away from traditional department stores, dampening overall sales as the competition to charge the lowest price has increased. Retail sales are increasingly influenced by the aging of the baby boomer generation, who tend to spend less after retirement.Auto sales fell 0.9 per cent last month, while purchases at gas stations tumbled 1.2 per cent. Sales at department stores declined 0.9 per cent.But spending at online and catalogue retailers climbed, as did spending at building materials stores, restaurants and clothiers to offset much of the decline elsewhere.Retailers remain optimistic about a sales rebound. They added a healthy 50,300 jobs in February, according to the Labor Department’s jobs report.last_img read more

The Latest Spains Cabinet arrives at Barcelona palace

first_imgBARCELONA, Spain — The Latest on Spanish Cabinet meeting being held in Barcelona (all times local):10:30 a.m.Prime Minister Pedro Sanchez and Spanish Cabinet members have arrived in a central Barcelona palace for a weekly Cabinet meeting that has been moved to the Catalan capital despite separatists’ protests against it.Sanchez’s Socialist administration planned the meeting to convey an image of normalcy, but tension remains high in Catalonia despite progress in talks on Thursday with the pro-secession president of the northeastern region.Some scuffles have broken out on Friday in central Barcelona between pro-independence protesters trying to reach the venue of the Cabinet meeting and police trying to stop them.The regional Mossos d’Esquadra police force says that one protester has been arrested for public disorder near the headquarters of Spain’s National Police in a downtown avenue.The meeting normally takes place in Madrid, but Sanchez has vowed to take it to other Spanish cities as a gesture of commitment to decentralization.___7:40 a.m.Catalan authorities say protesters angry about Spain’s Cabinet holding a meeting in Barcelona have blocked a major highway and dozens of roads, disrupting traffic to and from the city.Pro-independence protesters called the protests to show their disgust at Spanish Prime Minister Pedro Sanchez’s decision to lead the weekly Cabinet meeting in Barcelona.Security in the prosperous northeastern region, normally in the hands of the Catalan police, has been reinforced with hundreds of anti-riot officers from Spain’s national police force.Sanchez has agreed with the pro-secession leader of the region, Quim Torra, to work on finding a solution to the political crisis that has festered since Catalonia’s failed secession attempt last year. Their meeting on Thursday was only the second since both took power earlier this year.The Associated Presslast_img read more

NEB says too much oil not enough pipelines primary factor in oil

first_imgThe Canadian Press CALGARY — A new report from the National Energy Board says the “primary factor” in recent steep discounts on western Canadian crude is that oil production outstripped export pipeline capacity by about 365,000 barrels per day.The background report was compiled for federal Natural Resources Minister Amarjeet Sohi who has asked the NEB for advice on how to optimize existing pipeline and rail transport.The NEB says it has launched an online forum to gather public input and will meet with pipeline companies, producers, shippers, government officials and other experts in January to gather more answers for the minister.The report notes that about one million barrels per day of nameplate Canadian oil pipeline capacity was added between 2013 and 2016 but there has been no new capacity since then.It estimates that the available pipeline takeaway capacity from Western Canada in September was 3.95 million barrels per day but that oil production had risen to about 4.3 million barrels per day.Discounts narrowed in early December after the Alberta government announced it would impose temporary curtailments of 325,000 barrels per day on the industry starting Jan. 1, a measure designed to draw down storage and restore normal market prices.last_img read more