Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2014

Long-term debt at December 31 was as follows:



	2014		2013
	(Dollars in thousands)
Bank debt:
Bank revolving loans	$	—	$	—
U.S. term loans	365,000		364,000
Canadian term loans	60,235		64,485
Euro term loans	266,156		323,704
Other foreign bank revolving and term loans	107,572		151,647
Total bank debt	798,963		903,836
5½% Senior Notes	300,000		300,000
5% Senior Notes	500,000		500,000
Total debt	1,598,963		1,703,836
Less current portion	125,130		146,174
	$	1,473,833	$	1,557,662

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):



2015	$	125,130
2016	75,565
2017	72,164
2018	72,164
2019	3,025
Thereafter	1,250,915
	$	1,598,963

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

The 5½% Notes are redeemable, at the option of Silgan, in whole or in part, at any time after August 1, 2017 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 1 of the years set forth below:



Year		Redemption Price
2017		102.750%
2018		101.375%
2019 and thereafter		100.000%

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%