Interest and other debt expense before loss on early extinguishment of debt for the first six months of 2012 was $31.6 million, an increase of $1.2 million as compared to the first six months of 2011. This increase was primarily due to higher average outstanding borrowings, largely attributable to the refinancing of the senior secured credit facility in July 2011 and the issuance in March 2012 of $500 million of 5% Senior Notes due 2020, partially offset by lower average interest rates.The effective tax rate was 32.4 percent and 34.3 percent for the first six months of 2012 and 2011, respectively. The effective tax rate for the first six months of 2012 was favorably impacted by the cumulative adjustment of reductions in the enacted tax rates in certain foreign countries.
Silgan Announces Second Quarter Earnings And Confirms Full Year 2012 Estimate
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