Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2015

Long-term debt at December 31 was as follows:



	2015		2014
	(Dollars in thousands)
Bank debt:
Bank revolving loans	$	—	$	—
U.S. term loans	346,750		365,000
Canadian term loans	47,973		60,235
Euro term loans	227,434		266,156
Other foreign bank revolving and term loans	103,661		107,572
Total bank debt	725,818		798,963
5½% Senior Notes	300,000		300,000
5% Senior Notes	500,000		500,000
Total debt - principal	1,525,818		1,598,963
Less unamortized debt issuance costs	12,271		14,891
Total debt	1,513,547		1,584,072
Less current portion	152,398		125,130
	$	1,361,149	$	1,458,942

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):



2016	$	152,398
2017	74,955
2018	68,528
2019	2,890
2020	927,047
Thereafter	300,000
	$	1,525,818

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%