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Published on 6/8/2020 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Ardagh to conditionally redeem 2¾% senior notes due 2024

Chicago, June 8 – Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. announced the conditional redemption of the 2¾% senior secured notes due 2024 (ISINs: XS1574149255, XS1574148877), according to a notice.

The redemption is subject to the condition that the issuer receive necessary funds to redeem the notes on the redemption date, June 15.

Notice will be given to the paying agent and the trustee no later than 5 a.m. ET on the redemption date as to whether the condition has been satisfied.

The redemption price for the notes is €755,973,875.63. This includes the principal amount of €740,697,000 plus a redemption premium of €10,184,583.75. It also includes unpaid interest and additional amounts of €5,092,291.88.

The principal paying agent is Citibank, NA, London Branch.

Ardagh is a Dublin, Ireland-based glass and metal packaging manufacturer.


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