Ardagh Group Secures Overwhelming Support for Notes

Ardagh Group Boosts Support for Financial Agreements
Ardagh Group S.A. (the "Company" or "Ardagh") has achieved remarkable backing from its investors, securing the support of about 99% of holders of its senior secured notes (SSNs) and senior unsecured notes (SUNs), as well as around 82% of its senior secured toggle notes, known as PIK Notes. This significant endorsement paves the way for significant advancements in the Company’s financial strategies.
Details on Transaction Support Agreement
As of the recent tally, the transaction support agreement dated July 28 has garnered enthusiastic participation from holders of the SSNs and SUNs. These essential documents represent a collaboration between Ardagh and its investors, showing nearly complete consensus among note holders, which highlights the trust and confidence in the Company's direction.
Implications for Ardagh's Future
This overwhelming support indicates a strong alignment between the Company's objectives and those of its investors. By reinforcing its capital structure, Ardagh is not only ensuring current operational stability but is also strategically positioning itself for future growth opportunities within the packaging industry. The commitment shown by investors augurs well for the Company's next steps.
Investor Communication and Access to Information
For those holding the SSNs, SUNs, and PIK Notes, it is important to note that the Early Consent Time has lapsed. Investor relations regarding the Agreed Recapitalization Transaction are crucial, and the Company encourages holders to reach out to Kroll Issuer Services Limited for further information. This proactive communication strengthens transparency and investor engagement.
About Ardagh Group
Ardagh Group is a significant player in the packaging industry, celebrated for its commitment to sustainability and innovation. Operating over 58 production facilities in multiple countries, the Company employs around 19,000 people and generated impressive sales of approximately $9.1 billion recently. Its focus on providing infinitely recyclable metal and glass packaging underscores its dedication to environmental stewardship and meeting the evolving needs of global brand owners.
Frequently Asked Questions
What is the significance of the transaction support agreement?
The transaction support agreement solidifies the backing from investors, enabling Ardagh to effectively enhance its financial strategies and future growth.
Who are the key holders involved in the support?
Approximately 99% of holders of the Company’s senior secured notes and secured toggle notes are involved in the agreement, showcasing substantial investor confidence.
How can investors access more information regarding the notes?
Investors are encouraged to contact Kroll Issuer Services Limited for detailed information regarding the Agreed Recapitalization Transaction.
What is the focus of Ardagh Group in the packaging industry?
Ardagh Group specializes in producing recyclable metal and glass packaging, aiming to meet the sustainability goals of brand owners globally.
What are the recent financial achievements of Ardagh Group?
Recently, Ardagh reported sales of about $9.1 billion, reflecting strong performance and organizational commitment in a competitive market.
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