The net proceeds from the offering will be used to fund the full redemption of the outstanding $265 million aggregate principal amount of the issuers’ $1.11 billion floating rate secured notes due 2019 that were issued on July 3, 2014, the full repayment of the incremental facilities entered into under the credit agreement dated as of December 17, 2013, the full repayment of the $415 million aggregate principal amount of 6.750% senior notes due 2021 that were issued on February 5, 2014 and the partial redemption of the €1.155 billion aggregate principal amount of first priority senior secured notes due 2022 that were issued on July 3, 2014.
Ardagh is a major global glass and metal packaging manufacturer. Ardagh operates 110 glass and metal manufacturing facilities located in 22 countries across five continents. It 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.
The Shearman & Sterling team included partners Kristen Garry (Washington, DC-Tax) and Simon Letherman (London-Tax); counsel Mehran Massih (London-Environmental); and associates Melanie Probst, Morgan Hill, Arthur Ravignon, Angeliki Cheimona (all London-Capital Markets), Odilo Wallner (Frankfurt-Finance), Shane Burke, Kendra Kocovsky, Addison Pierce, Miles Muirhead (all London-Finance), Lois Howarth (London-Tax) and Eric Grosshandler (New York-Tax).Practices