---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-26-425515"
form_type: "8-K"
ticker: "SLGN"
cik: "0000849869"
company_name: "SILGAN HOLDINGS INC"
filed_at: "2026-10-20T00:08:40+00:00"
generated_at: "2026-10-20T10:05:41.775748+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.92
calibrated_materiality_score: 0.92
confidence: "high"
source: SEC EDGAR
---

# Silgan forms 60/40 metal packaging JV with AIP; JV to buy Trivium for $327.5M cash plus $3.1B debt

## Summary
- Silgan contributes its metal food/general line containers and closures businesses to MetalCo for 60% of Class A units; AIP affiliate A-VL invests $1.025B cash for 40%.
- MetalCo distributes $2.263B to Silgan at closing; Silgan may incur up to $1.0B of new debt that MetalCo assumes with the business contribution.
- JV to buy 100% of Trivium Packaging from Ardagh and Element for ~$327.5M cash plus assumption of ~$3.1B Trivium debt, repaid at closing; locked box at Dec 31, 2025.
- Debt commitment letter: ~$4.9B senior secured term loan and $1.0B revolver from Wells Fargo, Goldman Sachs, RBC, Deutsche Bank and Bank of America.
- Trivium outside date Oct 14, 2027 (extendable to April 12, 2028); MetalCo termination fees of $40M or $75M, willful-breach damages capped at $100M.

## SEC filing metadata
- accession: 0001193125-26-425515
- form_type: 8-K
- ticker: SLGN
- cik: 0000849869
- company_name: SILGAN HOLDINGS INC
- filed_at: 2026-10-20T00:08:40+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.92
- calibrated_materiality_score: 0.92
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/849869/000119312526425515/0001193125-26-425515-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/849869/000119312526425515/d188463d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-26-425515
- JSON: https://secwatch.observer/filing/0001193125-26-425515.json
- Plain text: https://secwatch.observer/filing/0001193125-26-425515.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.