Ardagh Glass starts roadshow for €1.7 billion multi-currency, multi-tranche note offering

By Paul A. Harris

St. Louis, Sept. 27 - Ardagh Packaging Finance plc began international marketing of a €1.7 billion equivalent multi-currency, multi-tranche offering of notes on Monday, according to an informed source.

The deal includes €850 million and $375 million of seven-year senior secured notes, which come with four years of call protection, and €315 million and $310 million of 10-year senior unsecured notes, which come with five years of call protection.

The roadshow, which runs in Europe and the United States, is set to wrap up on Thursday.

Citigroup is the left bookrunner for the Rule 144A and Regulation S for life deal. Credit Suisse and JPMorgan are the joint bookrunners.

Proceeds will be used to finance the acquisition of Impress Cooperative UA and to refinance existing debt.

The issuer is a financing unit of Ardagh Glass Group, a Dublin, Ireland-based packaging company.

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