Shearman And Sterling

News August 12, 2019

Ardagh's $1.8 Billion Notes Offering

Shearman & Sterling represented Ardagh in connection with its offering of $1.8 billion of notes, consisting of €440 million 2.125% senior secured notes due 2026, $500 million 4.125% senior secured notes due 2026 and $800 million 5.250% senior notes due 2027.

The offering, which was conducted pursuant to Regulation S and Rule 144A under the U.S. Securities Act, closed on August 12, 2019.

The net proceeds of the transaction will primarily be used to redeem Ardagh's existing notes due 2024.

Ardagh is a global leader in metal and glass packaging solutions, producing packaging for most of the world's leading food, beverage and consumer brands. It operates 109 facilities in 22 countries, employing approximately 23,500 people and has global sales of approximately €7.7 billion.

The Team