Ardagh Group
Menu

Closing of US$850 million Asset-Based Credit Facility

Ardagh Group S.A. (‘Ardagh' or the ‘Group’) announces that it has successfully closed on a committed five-year asset-based revolving credit facility of US$850 million with a consortium of leading banks.

The new facility, secured by trade receivables and inventories, replaces existing facilities of EUR150 million and US$200 million respectively and reflects the Group’s increased scale following the beverage can acquisition in 2016. It will provide funding for working capital and general corporate purposes.

Closing of this committed five-year facility further diversifies Ardagh’s funding sources and enhances its capital structure, following significant refinancing activity earlier this year to materially extend debt maturities and reduce financing costs.

Citi acted as Administrative Agent and, jointly with Bank of America Merrill Lynch, as Joint Global Coordinator on this transaction, with Barclays, BNP Paribas, Deutsche Bank, Goldman Sachs, SunTrust Robinson Humphrey and Wells Fargo acting as Joint Lead Arrangers, joined by J.P. Morgan, Rabobank, ING and HSBC.

About Ardagh Group

Ardagh Group is a global leader in metal and glass packaging solutions, producing packaging for most of the world's leading food, beverage and consumer brands. It operates 109 facilities in 22 countries, employing approximately 23,500 people and has global sales of approximately €7.7 billion.

Contacts
Investors: john.sheehan@ardaghgroup.com
Media: Pat Walsh, Murray Consultants
+1 646 776 5918 / +353 87 2269345

Ardagh wins at Glass Focus Awards 2018

Ardagh Group enjoys double win at the 2018 Glass Focus Awards

Ardagh Group has been awarded the Health and Safety and Sustainable Practice awards at the British Glass annual Glass Focus awards, held at the Millennium Gallery in Sheffield, November 22....

5 Dec 2018

Ardagh’s can shows Cassegrain quality

Ardagh’s can shows off the quality of Cassegrain

To present the highest quality asparagus and artichoke in a variety of delicious dressings, Bonduelle has turned to Ardagh Group to produce an eye-catching rectangular aluminium can for its ...

27 Nov 2018

Citi 2018 Basic Materials Conference

Ardagh Group to present at the Citi 2018 Basic Materials Conference

Ardagh Group S.A. will participate in the Citi 2018 Basic Materials Conference in New York, on Wednesday, November 28. To listen to the presentation via live webcast (2.45 p.m. ET). A replay...

23 Nov 2018

Delivering the quality of Coren

Delivering the quality of Coren in a convenient new aluminium can

Improved consumer convenience is the main benefit of a new 235ml triangular shaped aluminium can for Spain’s leading cured ham brand, Coren....

22 Nov 2018