LUXEMBOURG, Feb. 24, 2021 /PRNewswire/ -- Ardagh Group
("Ardagh") (NYSE:ARD) announces that Ardagh Metal Packaging S.A.
("AMP" or the "Company") has today, through its wholly-owned
subsidiaries, Ardagh Metal Packaging Finance plc and Ardagh Metal
Packaging Finance USA LLC,
launched a bond financing of approximately $2.65 billion equivalent, through the issue of
(i) $600 million US Dollar Senior
Secured Notes due 2028, (ii) $550
million equivalent Euro Senior Secured Notes due 2028 (iii)
$1,000 million Senior Notes due 2029
and (iv) $500 million equivalent Euro
Senior Notes due 2029, (collectively the "Notes").
The offering follows Ardagh's announcement on February 23, 2021 of the proposed combination of
its metal packaging business with Gores Holdings V Inc,
(NASDAQ:GRSV, GRSVU and GRSVW), under which Gores Holdings V will
combine, subject to a shareholder vote, with Ardagh's beverage can
business, that will be held by AMP. AMP intends to apply to list
its shares on the New York Stock Exchange, under the new ticker
AMP is a leading global supplier of sustainable beverage cans
and is the second-largest producer in Europe and the third-largest in North America and Brazil. The Company believes that strong
demand in traditional and new beverage categories, coupled with
environmentally conscious end consumers, are driving an inflection
point in beverage can demand and that it is well positioned to
capitalize on these multifaceted growth opportunities. AMP has a
highly attractive sustainability profile, and the Notes will be
issued in accordance with Ardagh's Green Financing framework.
Gross proceeds of the Notes will be held in escrow until the
entities currently conducting the metal packaging business within
Ardagh transfer to become wholly-owned subsidiaries of AMP, and AMP
and its subsidiaries will be released from their obligations under
existing Ardagh notes. Proceeds, net of expenses, will then be used
to pay $2,315 million equivalent to
Ardagh in part consideration for this transfer.
About Ardagh Group
Ardagh is a global supplier of infinitely-recyclable metal and
glass packaging for the world's leading brands. Ardagh operates 56
metal and glass production facilities in 12 countries, employing
more than 16,000 people with sales of approximately $7 billion.
About Ardagh Metal Packaging
AMP will hold Ardagh's metal packaging business, which is a
leading supplier of beverage cans globally, with a particular focus
on The Americas and Europe.
Ardagh's metal packaging business operates 23 production facilities
in Europe and the Americas,
employs approximately 4,900 people and recorded revenues of
$3.5 billion in 2020.
The offering of the Notes will be made pursuant to an
exemption under the Prospectus Regulation, 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
The offering of the Notes will be made pursuant to an
exemption under the UK Financial Services and Markets Act 2000 and
the UK Prospectus Regulation from the requirement to produce a
prospectus for offers of securities. This announcement does not
constitute an advertisement for the purposes of the UK Prospectus
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 are being 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. 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 U.S. Securities Act of 1933, or an exemption from
MiFID II professionals/ECPs-only/No PRIIPs KID – Manufacturer
target market (MIFID II product governance) is eligible
counterparties and professional clients only (all distribution
channels). No PRIIPs key information document (KID) has been
prepared as not available to retail in EEA.
UK MiFIR professionals/COBS ECPs-only/No UK PRIIPs KID –
Manufacturer target market (UK MiFIR product governance) is
eligible counterparties and professional clients only (all
distribution channels). No UK PRIIPs key information document (KID)
has been prepared as not available to retail in UK.
This press release 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 Ardagh
Metal Packaging S.A., Ardagh Metal Packaging Finance plc and Ardagh
Metal Packaging Finance USA LLC is
The documentation detailing the investment or investment
activity to which this press release relates has not been approved
by an authorized person in the United
Kingdom and is for distribution only to persons who (i) have
professional experience in matters relating to investments falling
within Article 19(5) of the UK Financial Services and Markets Act
2000 (Financial Promotion) Order 2005, as amended (the "Financial
Promotion Order"), (ii) are persons falling within Articles
49(2)(a) to (d) (high net worth companies, unincorporated
associations, etc.) of the Financial Promotion Order, (iii) are
outside the United Kingdom or (iv)
are persons to whom an invitation or inducement to engage in
investment activity within the meaning of Section 21 of the UK
Financial Services and Markets Act 2000 in connection with the
issue or sale of any securities may otherwise lawfully be
communicated or caused to be communicated (all such persons
together being referred to as "relevant persons"). The
documentation detailing the investment or investment activity is
directed only at relevant persons and must not be acted on or
relied on by persons who are not relevant persons. Any investment
or investment activity to which this press release relates is
available only to relevant persons and will be engaged in only with
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SOURCE Ardagh Group S.A.