Shearman & Sterling has advised Ardagh Glass Finance plc, a subsidiary of Ardagh Glass Holdings Limited, in its offering of €300 million high yield bonds. The deal closed on 26 June.

Ardagh Glass Holdings Limited is a major European glass container manufacturer that supplies companies such as Heineken and Coca Cola. Proceeds from the bond offering will be used to refinance Ardagh Glass’ bank debt and for general corporate purposes.

Within two weeks, the Shearman & Sterling team helped launch the transaction and coordinate a security package involving 10 jurisdictions.