$SLGN (SILGAN HOLDINGS) — 8-K: Silgan forms metal containers partnership with AIP, contributing business for 60% of MetalCo

Silgan will contribute its Metal Containers and Closures Business to MetalCo in exchange for 60% of Class A voting units and a distribution of $2.263 billion, minus any New Silgan Debt Amount. A-VL Holdco, affiliated with AIP, will contribute $1.025 billion in cash for 40% of Class A voting units. Silgan may elect to incur up to $1.0 billion of new debt, which MetalCo would assume. Closing is subject to the concurrent closing of the Trivium Packaging acquisition.

Silgan will contribute its Metal Containers and Closures Business to MetalCo in exchange for 60% of Class A voting units and a distribution of $2.263 billion, minus any New Silgan Debt Amount. A-VL Ho