Ardagh Group completes issue of US$710M Senior PIK notes due 2019 at coupon of 8.625%, €250M Senior PIK notes due 2019 at coupon of 8.375%, with net proceeds of €746M
June 12, 2014
– Ardagh Group announces that it has completed the issue of:
The net proceeds from this issue are €746 million.
In connection with the completion of the issue, ARD Finance S.A. has given notice to redeem all of its outstanding euro denominated and U.S. dollar denominated 11.125% Secured PIK Notes due 2018 on July 11, 2014.
Ardagh Group is a global leader in packaging solutions, producing metal and glass packaging for most of the world's leading food, beverage and consumer care brands and, after giving effect to the announced divestment of six former Anchor Glass plants, operates 94 production facilities in 23 countries and employs approximately 19,500 people.
The Notes have not been registered under the U.S. Securities Act of 1933, as amended, or any U.S. State security laws. Accordingly, the Notes have been offered and sold in the United States only to qualified institutional buyers in accordance with Rule 144A under the U.S. Securities Act of 1933 and outside the United States in accordance with Regulation S under the U.S. Securities Act of 1933.
The offering of Notes has been made pursuant to an exemption under the Prospectus Directive, as implemented in Member States of the European Economic Area, from the requirement to produce a prospectus for offers of securities. This announcement does not constitute an advertisement for the purposes of the Prospectus Directive.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities referred to in this announcement, in any jurisdiction, including the United States, in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. Securities may not be offered or sold in the United States absent registration under the Securities Act, or an exemption from registration.