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): September 13, 1996
SILGAN HOLDINGS INC.
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(Exact name of registrant as specified in its charter)
Delaware 33-28409 06-1269834
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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
Item 5: Other Events.
On September 13, 1996, Silgan Holdings Inc. ("Holdings," and
together with its subsidiaries the "Company") filed with the Securities and
Exchange Commission a registration statement on Form S-2 in connection with its
proposed public offering of shares of its common stock. Holdings intends to use
the net proceeds from the proposed offering to redeem its remaining outstanding
13 1/4% Senior Discount Debentures due 2002 (approximately $59 million) (the
"Discount Debentures") and, with any remaining net proceeds from the proposed
offering, to prepay a portion of the term loans under the Company's bank credit
agreement. The proposed offering is subject to satisfactory pricing and market
conditions. Holdings estimates that upon completion of the proposed offering it
will redeem its remaining outstanding Discount Debentures no later than
approximately 45 days thereafter.
The registration statement referred to above relating to the
common stock has been filed with the Securities and Exchange Commission but has
not yet become effective. The common stock may not be sold nor may offers to buy
be accepted prior to the time the registration statement becomes effective. This
Current Report shall not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of the common stock in any state in
which such offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state. Offers and sales
in connection with the proposed offering may be made only by means of a
prospectus.
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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/ Harley Rankin, Jr.
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Harley Rankin, Jr.
Executive Vice President,
Chief Financial Officer
and Treasurer
Date: September 16, 1996
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