LUXEMBOURG, Nov. 29, 2019 /PRNewswire/ -- On October 31, 2019, Ardagh Packaging Finance plc
("APF") and Ardagh Holdings USA
Inc. ("AHUSA" and, together with APF, the "Offerors") commenced an
offer to the holders of the following series of their Notes to
repurchase for cash up to $860,248,503 (or the U.S Dollar Equivalent as
defined in the Asset Sale Offer to Purchase) (the "Offer") in the
aggregate of their outstanding $715,000,000 aggregate principal amount 4.250%
Senior Secured Notes due 2022 (the "2022 Notes"), their outstanding
€750,000,000 aggregate principal amount 2.750% Senior Secured Notes
due 2024 (the "2024 Notes"), their outstanding $500,000,000 aggregate principal amount 4.125%
Senior Secured Notes due 2026 (the "2026
Dollar Notes") and their outstanding €440,000,000 aggregate
principal amount 2.125% Senior Secured Notes due 2026 (the
"2026 Euro Notes") (the 2022 Notes,
the 2024 Notes, the 2026 Dollar Notes
and the 2026 Euro Notes together, the
"Notes"), together with accrued and unpaid interest up to but
excluding the date of purchase.
![Ardagh Group logo 2019 (PRNewsfoto/Ardagh Group S.A.) Ardagh Group logo 2019 (PRNewsfoto/Ardagh Group S.A.)](https://mma.prnewswire.com/media/946748/Ardagh_Group_Logo.jpg)
Capitalized terms used in this announcement but not defined have
the meanings given to them in the Offer.
Following the expiration of the Offer at 4 p.m. London
time on November 28, 2019, notice is
hereby given that the aggregate principal amount of Notes tendered
for repurchase was as follows
2022 Notes:
$19,655,000
2024 Notes:
€9,303,000
2026 Euro Notes: €850,000
In accordance with the terms of the Offer, the Offerors have
decided to accept in full for repurchase the amounts tendered
above, being aggregate principal amounts of $19,655,000 of the 2022 Notes, €9,303,000 of the
2024 Notes and €850,000 of the 2026
Euro Notes.
The Offerors expect to pay the Offer Price together with accrued
and unpaid interest up to but excluding the date of purchase on
December 2, 2019. Holders of Notes
that are purchased will not receive any future interest payments on
such purchased Notes.
Ardagh Group S.A. ("Ardagh") is a global supplier of
infinitely recyclable 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 $7bn.
Media
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Pat Walsh, Murray
Consultants
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+1 646 776 5918 /
+353 87 2269345
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pwalsh@murraygroup.ie
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Investors:
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john.sheehan@ardaghgroup.com
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Excess Proceeds
Offer:
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Lucid Issuer Services
Limited
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+44 207 704
0880
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ardagh@lucid-is.com
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November 29, 2019
This press release contains statements that may constitute
"forward-looking statements" within the meaning of applicable
securities legislation. These forward-looking statements include,
among others, statements specifically related to the intention to
purchase Notes. Readers are cautioned not to place undue reliance
on such forward-looking statements. Forward-looking statements are
based on current plans, estimates and projections, and are subject
to inherent risks, uncertainties and other factors which could
cause actual results to differ materially from the future results
expressed or implied by such forward looking statements. No
assurance can be given that any of the events anticipated by the
forward-looking statements will transpire or occur or, if any of
them do so, what benefits Ardagh will derive therefrom.
Any forward looking statements made in this press release
speak only as of the date hereof. Ardagh does not intend to
publicly update or revise these forward looking statements to
reflect events or circumstances after the date of this press
release, and does not assume any responsibility to do so.
This announcement contains inside information for the
purposes of Article 7 of Regulation (EU) No 596/2014. The
person responsible for the release of this information on behalf of
the Offerors is John Sheehan,
Corporate Development & Investor Relations Director.
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SOURCE Ardagh Group S.A.