Ardagh issues conditional call for $845 million secured notes due 2019

By Susanna Moon

Chicago, Jan. 19 – Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. issued a call for $845 million of their first priority senior secured notes due 2019.

The notes will be redeemed on Jan. 30 at a total purchase price of $866,179,414.24, or par plus a call premium of $16.9 million and accrued interest to the redemption date, according to the company notice.

The redemption is contingent on the issuer securing funding to purchase the notes by the redemption date.

The issuer said it will notify the trustee and the paying agents by 7 a.m. ET on the redemption date as to whether the condition has been met.

The record date will be Jan. 29.

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

The notes were issued July 3, 2014.

Ardagh Group makes glass and metal packaging products and is registered in Luxembourg.

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