Ardagh Glass Finance plc announces senior notes redemption

Ardagh Glass Finance has called for redemption in full of the entire principal amount outstanding of its Senior Notes due 2020. The Notes are being redeemed from existing cash resources. Ardagh’s liquidity position is robust as a result of strong cash generation within the business and completion of the disposals of its non-core metal operations in Australia, New Zealand, Samoa and Greece.

Ardagh Glass Finance plc has announced that it has called for redemption in full of the entire principal amount outstanding of its 8.75% Senior Notes due 2020.
The redemption date will be 12 February 2015, and the redemption price will be 104.375%. The amount of accrued and unpaid interest to the Redemption Date per EUR 1,000 of the Notes payable on the Redemption Date is EUR 2.67. The Notes must be surrendered to the Paying Agent to collect the Redemption Price plus accrued interest.
The Notes are being redeemed from existing cash resources. Ardagh’s liquidity position is robust as a result of strong cash generation within the business and completion of the disposals of its non-core metal operations in Australia, New Zealand, Samoa and Greece.
The Bank of New York Mellon, the trustee under the indenture governing the Notes, is also acting as paying agent and transfer agent.
Ardagh Group is a global leader in glass and metal packaging solutions and a key supplier to most of the world’s leading food, beverage and consumer care brands. Operating 89 manufacturing production facilities across 21 countries, Ardagh employs almost 19,000 people and has global sales of approximately EUR 4.8 billion.