On October 31, 2019, Ardagh Packaging Finance plc (“APF”) and Ardagh Holdings USA Inc. (“AHUSA” and, together with APF, the “Offerors”) commenced an offer to the holders of the following series of their Notes to repurchase for cash up to 860,248,503 USD (or the U.S Dollar Equivalent as defined in the Asset Sale Offer to Purchase) (the “Offer”) in the aggregate of their outstanding 715,000,000 USD aggregate principal amount 4.250 percent Senior Secured Notes due 2022 (the “2022 Notes”), their outstanding 750,000,000 EUR aggregate principal amount 2.750 percent Senior Secured Notes due 2024 (the “2024 Notes”), their outstanding 500,000,000 USD aggregate principal amount 4.125 percent Senior Secured Notes due 2026 (the “2026 Dollar Notes”) and their outstanding 440,000,000 EUR aggregate principal amount 2.125 percent Senior Secured Notes due 2026 (the “2026 Euro Notes”) (the 2022 Notes, the 2024 Notes, the 2026 Dollar Notes and the 2026 Euro Notes together, the “Notes”), together with accrued and unpaid interest up to but excluding the date of purchase.
Capitalized terms used in this announcement but not defined have the meanings given to them in the Offer.
Following the expiration of the Offer at 4 p.m. London time on November 28, 2019, notice is hereby given that the aggregate principal amount of Notes tendered for repurchase was as follows
|2022 Notes:||2024 Notes:||2026 Notes:|
|19,655,000 USD||9,303,000 EUR||850,000 EUR|
In accordance with the terms of the Offer, the Offerors have decided to accept in full for repurchase the amounts tendered above, being aggregate principal amounts of 19,655,000 USD of the 2022 Notes, 9,303,000 EUR of the 2024 Notes and 850,000 EUR of the 2026 Euro Notes.
The Offerors expect to pay the Offer Price together with accrued and unpaid interest up to but excluding the date of purchase on December 2, 2019. Holders of Notes that are purchased will not receive any future interest payments on such purchased Notes.
Ardagh Group S.A. (“Ardagh”) is a global supplier of infinitely recyclable metal and glass packaging for the world’s leading brands. Ardagh operates more than 50 metal and glass production facilities in 12 countries across three continents, employing over 16,000 people, with sales of 7 billion USD.