Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2012

Long-term Debt

Long-term debt at December 31 is as follows:

	2012		2011
	(Dollars in thousands)
Bank debt:
Bank revolving loans	$	—	$	—
U.S. term loans		520,000		520,000
Canadian term loans		81,389		79,323
Euro term loans		443,406		433,825
Other foreign bank revolving and term loans		126,521		97,874
Total bank debt		1,171,316		1,131,022
5% Senior Notes		500,000		—
7 1/4% Senior Notes, net of unamortized discount		—		245,237
Total debt		1,671,316		1,376,259
Less current portion		255,349		87,776
	$	1,415,967	$	1,288,483

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):

2013	$	255,349
2014		164,464
2015		214,215
2016		212,268
2017		316,747
Thereafter		508,273
	$	1,671,316

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%