Shearman & Sterling represented Ardagh in connection with its $200 million tap issuance of 5.250% senior secured notes due 2025. The notes are being issued as additional notes under Ardagh’s indenture governing its $500 million 5.250% senior secured notes due 2025 issued on April 8, 2020.
The offering, which was conducted pursuant to Regulation S and Rule 144A under the U.S. Securities Act, closed on April 9, 2020.
The net proceeds of the transaction will be used for general corporate purposes.
Ardagh is a global supplier of metal and glass packaging for the world’s leading brands. Ardagh operates more than 50 metal and glass production facilities in 12 countries across three continents, employing over 16,000 people with sales of $6.7 billion.
This team below also included associates Harekrishna Ashar (London-Capital Markets) and Elliot Domio (New York-Investment Funds).