Ardagh subsidiaries accept all notes tendered in asset sale offer

By Angela McDaniels

Tacoma, Wash., Dec. 2 – Ardagh Group SA subsidiaries Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. announced the results of their asset sale offer for four series of notes.

According to a company news release, the companies offered to repurchase for cash up to $860,248,503, or the dollar equivalent, of their following notes:

• $715 million 4¼% senior secured notes due 2022;

• €750 million 2¾% senior secured notes due 2024;

• $500 million 4 1/8% senior secured notes due 2026; and

• €440 million 2 1/8% senior secured notes due 2026.

Holders tendered $19,655,000 of the 4¼% notes, €9,303,000 of the 2¾% notes and €850,000 of the 2 1/8% notes.

The companies accepted all of the tendered notes for purchase.

In addition to the undisclosed offer price, holders will receive accrued interest up to but excluding the purchase date, Dec. 2.

The offer began Oct. 31 and ended on Nov. 28.

Ardagh Group makes metal and glass packaging and is based in Luxembourg.

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