Shearman & Sterling represented Ardagh Packaging Finance plc and Ardagh Holdings USA Inc., as co-issuers, both subsidiaries of Ardagh Packaging Holdings Limited (Ardagh), in connection with the offering of their $1 billion 6.000% senior notes. The notes are guaranteed by Ardagh and will also be guaranteed by certain of its wholly owned subsidiaries. The net proceeds from the offering, together with certain cash on balance sheet, will be used to fund the full redemption of the $415 million aggregate principal amount of 6.250% senior notes due 2019 that were issued on February 5, 2014, and to fund the partial redemption of the $1.11 million aggregate principal amount of first priority senior secured notes due 2019 that were issued on July 3, 2014.
Ardagh is a major global glass and metal packaging manufacturer. Operating 110 glass and metal manufacturing facilities in 22 countries and five continents, Ardagh supplies companies such as AB InBev, Akzo Nobel, Bacardi, Bonduelle, Coca-Cola, ConAgra Foods, Constellation Brands, Diageo, Heineken, The Kraft Heinz Company, Nestlé, Pernod Ricard, Procter & Gamble and Unilever.