Ardagh redeems 7¼%, 4 1/8%, 4 5/8% notes, plans to redeem 6¾% notes

By Sarah Lizee

Olympia, Wash., Nov. 19 – Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. redeemed their $1.65 billion 7¼% senior notes due 2024, €440 million 4 1/8% senior secured notes due 2023 and $1 billion 4 5/8% senior secured notes due 2023 and plan to redeem their 6¾% senior notes due 2024 as well, according to separate conditional notices of redemption.

The 7¼% notes were redeemed on Aug. 14 at a total redemption price of $1,769,300,958.33, which includes the principal amount, a redemption premium of $89,727,000 and $29,573,958.33 of accrued interest.

The 4 1/8% notes were redeemed on Nov. 15 at a total redemption price of €458,152,200, which includes the principal amount, a redemption premium of €9,077,200 and €9,075,000 of accrued interest.

The 4 5/8% notes were redeemed on Nov. 15 at a total redemption price of $1,046,255,000, which includes the principal amount, a redemption premium of $23.13 million and $23,125,000 of accrued interest.

The 6¾% notes will be redeemed on Dec. 2 at a total redemption price of €790,363,125, which includes the principal amount, a redemption premium of €37,972,500 and €2,390,625 of accrued interest.

Ardagh is a metal and glass packaging company based in Luxembourg.

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