Shearman & Sterling represented Ardagh in connection with its offering of €790 million 2.125% senior secured notes due 2026 (the “Offering”). The Offering, which was conducted pursuant to Regulation S and Rule 144A under the U.S. Securities Act, closed on June 10, 2020.
The net proceeds of the Offering will be used towards the redemption of the 2.750% senior secured notes due 2024 issued by Ardagh Packaging Finance plc and Ardagh Holdings USA Inc.
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.
The Shearman & Sterling team below also included associates Harekrishna Ashar and Elliot Domio.