Key Highlights of Ardagh Group's Consent Solicitation
This announcement is crucial and requires immediate attention from stakeholders. Ardagh Holdings USA Inc. and Ardagh Packaging Finance plc, collectively known as Ardagh, have successfully completed their consent solicitations. These were launched according to a detailed consent solicitation statement released earlier.
Results Overview of the Consent Solicitations
In these solicitations, noteholders demonstrated strong support, with 99.3% of the existing SSNs and 99.6% of existing SUNs consenting to the proposed changes. This overwhelming approval positions Ardagh for a seamless recapitalization.
Transaction Expectations and Future Steps
The completion of this transaction is pending the satisfaction of specific implementation conditions. As soon as these conditions are met, Ardagh will promptly disclose the expected settlement date, providing clarity to all relevant parties.
Additional Information for Holders
Eligible holders of the existing securities can access the Consent Solicitation Statement through Kroll Issuer Services Limited, which serves as the information agent for this process.
Contact Details for Information Requests
Kroll Issuer Services Limited is located at The News Building, 3 London Bridge Street, London, SE1 9SG. They can be reached by telephone at +44 207 704 089 09 for any inquiries about the consent solicitation process.
Ardagh Group - About the Company
Ardagh Group is recognized globally as a leading provider of sustainable metal and glass packaging solutions. With a robust operation spanning 58 production facilities across 16 countries, the company employs around 19,000 people and generates approximately $9.1 billion in annual sales. Their commitment to sustainability ensures that their products are not only high-quality but also recyclable, benefiting the environment tremendously.
Company Representation and Advisory Roles
Multiple firms assist Ardagh in this process, including Houlihan Lokey UK Limited acting as the financial advisor and Kirkland & Ellis International LLP providing legal support. These partnerships aim to ensure a transparent and efficient transaction process for all stakeholders involved.
Frequently Asked Questions
What was the purpose of the consent solicitation?
The purpose of the consent solicitation was to obtain necessary approvals for a recapitalization transaction regarding Ardagh's existing securities.
How did the noteholders respond to the solicitation?
Noteholders showed overwhelming support, with the majority consenting to the proposed changes, indicating strong confidence in the company's direction.
What are the next steps following the approval?
Following the approval, Ardagh will finalize the implementation of the consent solicitation and announce the expected settlement date once conditions are met.
Who can access the consent solicitation statement?
All eligible holders of the existing securities can access the consent solicitation statement through Kroll Issuer Services Limited, the designated information agent.
What does Ardagh Group specialize in?
Ardagh Group specializes in providing sustainable packaging solutions, producing metal and glass containers for various industries worldwide.
