Long-Term Debt (Tables)

3 Months Ended

Mar. 31, 2012

Long-term debt consisted of the following:

	March 31,		March 31,		Dec. 31,
	2012		2011		2011
	(Dollars in thousands)

Bank debt
Bank revolving loans	$	-	$	440,163	$	-
U.S. term loans		520,000		400,000		520,000
Canadian term loans		80,943		83,130		79,323
Euro term loans		444,713		176,413		433,825
Other foreign bank revolving and term loans		120,685		98,684		97,874
Total bank debt		1,166,341		1,198,390		1,131,022

7¼% Senior Notes, net of unamortized discount		245,454		244,612		245,237
5% Senior Notes		500,000		-		-

Total debt		1,911,795		1,443,002		1,376,259
Less current portion		331,008		520,285		87,776
	$	1,580,787	$	922,717	$	1,288,483

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 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%