849869--3/1/2010--SILGAN_HOLDINGS

related topics

{debt, indebtedness, cash}

{cost, regulation, environmental}

{acquisition, growth, future}

{operation, international, foreign}

{competitive, industry, competition}

{customer, product, revenue}

{cost, operation, labor}

{tax, income, asset}

{cost, contract, operation}

{stock, price, operating}

{personnel, key, retain}

{provision, law, control}

{condition, economic, financial}

{product, market, service}

O UR INDEBTEDNESS COULD ADVERSELY AFFECT OUR CASH FLOW . D ESPITE OUR CURRENT LEVELS OF INDEBTEDNESS , WE MAY INCUR ADDITIONAL DEBT IN THE FUTURE , WHICH COULD INCREASE THE RISKS ASSOCIATED WITH OUR LEVERAGE . T HE TERMS OF OUR DEBT INSTRUMENTS RESTRICT THE MANNER IN WHICH WE CONDUCT OUR BUSINESS AND MAY LIMIT OUR ABILITY TO IMPLEMENT ELEMENTS OF OUR GROWTH STRATEGY . T HE RECENT GLOBAL CREDIT AND FINANCIAL CRISIS COULD ADVERSELY AFFECT OUR RESULTS OF OPERATIONS AND FINANCIAL CONDITION . W E MAY NOT BE ABLE TO REFINANCE OUR C REDIT A GREEMENT PRIOR TO MATURITY ON J UNE 30, 2011, AND IF WE ARE ABLE TO EFFECT SUCH REFINANCING , IT MAY BE ON LESS FAVORABLE TERMS AND AT HIGHER INTEREST RATES . W E FACE COMPETITION FROM MANY COMPANIES AND WE MAY LOSE SALES OR EXPERIENCE LOWER MARGINS ON SALES AS A RESULT OF SUCH COMPETITION . D EMAND FOR OUR PRODUCTS COULD BE AFFECTED BY CHANGES IN LAWS AND REGULATIONS APPLICABLE TO FOOD AND BEVERAGES AND CHANGES IN CONSUMER PREFERENCES . O UR FINANCIAL RESULTS COULD BE ADVERSELY AFFECTED IF WE ARE NOT ABLE TO OBTAIN SUFFICIENT QUANTITIES OF RAW MATERIALS OR MAINTAIN OUR ABILITY TO PASS RAW MATERIAL PRICE INCREASES THROUGH TO OUR CUSTOMERS . A SUBSTANTIALLY LOWER THAN NORMAL CROP YIELD MAY REDUCE DEMAND FOR OUR METAL FOOD CONTAINERS AND CLOSURES . T HE SEASONALITY OF THE FRUIT AND VEGETABLE PACKING INDUSTRY CAUSES US TO INCUR SHORT TERM DEBT . T HE COST OF PRODUCING OUR PRODUCTS MAY BE ADVERSELY AFFECTED BY INCREASES TO THE PRICE OF ENERGY . W E MAY NOT BE ABLE TO PURSUE OUR GROWTH STRATEGY BY ACQUISITION . F UTURE ACQUISITIONS MAY CREATE RISKS AND UNCERTAINTIES THAT COULD ADVERSELY AFFECT OUR OPERATING RESULTS AND DIVERT OUR MANAGEMENT S ATTENTION . I F WE ARE UNABLE TO RETAIN KEY MANAGEMENT , WE MAY BE ADVERSELY AFFECTED . P ROLONGED WORK STOPPAGES AT OUR FACILITIES WITH UNIONIZED LABOR COULD JEOPARDIZE OUR FINANCIAL CONDITION . W E ARE SUBJECT TO COSTS AND LIABILITIES RELATED TO ENVIRONMENTAL AND HEALTH AND SAFETY LAWS AND REGULATIONS . O UR INTERNATIONAL OPERATIONS ARE SUBJECT TO VARIOUS RISKS THAT MAY ADVERSELY AFFECT OUR FINANCIAL RESULTS . W E ARE SUBJECT TO THE EFFECTS OF FLUCTUATIONS IN FOREIGN CURRENCY EXCHANGE RATES . I F THE INVESTMENTS IN OUR PENSION BENEFIT PLANS DO NOT PERFORM AS EXPECTED , WE MAY HAVE TO CONTRIBUTE ADDITIONAL AMOUNTS TO THESE PLANS , WHICH WOULD OTHERWISE BE AVAILABLE TO COVER OPERATING AND OTHER EXPENSES . I F WE WERE REQUIRED TO WRITE - DOWN ALL OR PART OF OUR GOODWILL OR TRADE NAMES , OUR NET INCOME AND NET WORTH COULD BE MATERIALLY ADVERSELY AFFECTED . O UR PRINCIPAL STOCKHOLDERS HAVE SUBSTANTIAL INFLUENCE OVER US AND THEIR EXERCISE OF THAT INFLUENCE COULD BE ADVERSE TO YOUR INTERESTS . A NTI - TAKEOVER PROVISIONS IN OUR AMENDED AND RESTATED CERTIFICATE OF INCORPORATION AND OUR AMENDED AND RESTATED BY - LAWS COULD HAVE THE EFFECT OF DISCOURAGING , DELAYING OR PREVENTING A MERGER OR ACQUISITION . A NY OF THESE EFFECTS COULD ADVERSELY AFFECT THE MARKET PRICE OF OUR COMMON STOCK . U PON THE OCCURRENCE OF CERTAIN CHANGE OF CONTROL EVENTS , WE MAY NOT BE ABLE TO SATISFY ALL OF OUR OBLIGATIONS UNDER OUR CREDIT AGREEMENT AND INDENTURES .

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849869--3/1/2010--SILGAN_HOLDINGS_INC