Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2016

Long-term debt at December 31 was as follows:



	2016		2015
	(Dollars in thousands)
Bank debt:
Bank revolving loans	$	99,500	$	—
U.S. term loans	310,250		346,750
Canadian term loans	44,274		47,973
Euro term loans	196,668		227,434
Other foreign bank revolving and term loans	120,500		103,661
Total bank debt	771,192		725,818
5½% Senior Notes	300,000		300,000
5% Senior Notes	500,000		500,000
Total debt - principal	1,571,192		1,525,818
Less unamortized debt issuance costs	9,609		12,271
Total debt	1,561,583		1,513,547
Less current portion	217,127		152,398
	$	1,344,456	$	1,361,149

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):



2017	$	217,127
2018	9,187
2019	2,789
2020	633,171
2021	—
Thereafter	708,918
	$	1,571,192

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

The 5% Notes are redeemable, at the option of Silgan, in whole or in part, 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%

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%