Ardagh Group (“Ardagh”) has today priced an issue of 1,000 million USD 5.250% Senior Notes due 2027, at 96.25 USD, representing a yield of 5.89% (the “Notes”).
Net proceeds from the issuance and sale of the Notes are intended to be used to fund a tender offer to repurchase a portion of the 1,700 million USD 6.000% Senior Notes due 2025.
Paul Coulson, Chairman and CEO, said, “Ardagh is delighted with the continued and broad-based investor support we have received in this upsized financing, which further improves our debt maturity profile.”
