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Ardagh calls €475 million of 9¼% notes, $920 million of 9 1/8% notes
By Wendy Van Sickle
Columbus, Ohio, May 16 – Ardagh Holdings USA Inc. and Ardagh Packaging Finance plc plan to redeem €475 million of 9¼% senior notes due 2020 and $920 million of 9 1/8% senior notes due 2020 on June 16, according to two notices.
The euro-denominated notes slated for redemption include €275 million of notes issued on Oct. 8, 2010 and €200 million of add-on notes issued on Feb. 4, 2011 by Ardagh Holdings. The dollar-denominated notes include $450 million of notes issued on Oct. 8, 2010 and $210 million of add-on notes issued on July 26, 2012 by Ardagh Holdings and $260 million of notes issued on July 26, 2012 by Ardagh Packaging.
The redemption price for the euro notes is 104.625 plus accrued interest to the redemption date, which equals €15.67 per €1,000 of the notes. The redemption price for the dollar notes is 104.563 plus accrued interest to the redemption date, which equals $15.46 per $1,000 principal.
The record date is June 14.
Citibank, NA, London Branch, is the trustee, principal paying agent and transfer agent.
Ardagh Packaging and Ardagh Holdings are subsidiaries of Ardagh Group, a Dublin-based glass and metal container manufacturer.
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