Ardagh Group
Menu

Notice of conditional redemption of senior notes due 2022

ARDAGH PACKAGING FINANCE PLC
ARDAGH HOLDINGS USA INC.
4.250% SENIOR SECURED NOTES DUE 2022

NOTICE OF CONDITIONAL REDEMPTION


ISIN
CUSIP
Rule 144A
US03969AAM27
03969A AM2
Regulation S
USG04586AN66
G04586 AN6


Ardagh Packaging Finance plc and Ardagh Holdings USA Inc. (the “Issuers”) give notice to the holders of the 4.250% Senior Secured Notes due 2022 issued on March 8, 2017 (the “Notes”) of conditional redemption of the Notes in full in accordance with paragraph 6(c) thereof and Article 3 of the indenture dated as of March 8, 2017 (as amended and supplemented, the “Indenture”) between, among others, the Issuers, Citibank, N.A., London Branch, as trustee (the “Trustee”), principal paying agent, transfer agent and security agent, Citibank, N.A., as U.S. paying agent and Citigroup Global Markets Deutschland AG, as registrar. All capitalized terms used herein not defined shall have the meanings assigned to such terms in the Indenture.

The redemption will be subject to the condition that the Issuer has received the necessary funds to redeem the Notes on or prior to the Redemption Date (as defined below) (the “Condition”). The Issuers may, in their sole discretion, delay the redemption until such time as the Condition is satisfied. The Issuer shall provide notice to the Trustee and the Paying Agents no later than 12:00pm London time on the Redemption Date (as defined below) as to whether the Condition has been satisfied. The terms and conditions of the redemption are as follows:

  1. The redemption date for the Notes will be June 8, 2020 (the “Redemption Date”) and the record date will be June 5, 2020.
  2. The redemption price for the Notes is $709,549,932.59, which comprises the principal amount of $695,345,000, a redemption premium of $7,391,517.35, Additional Amounts, if any, and accrued and unpaid interest to the Redemption Date of $6,813,415.24 (the “Redemption Price”). Investors are advised to inform themselves of the specific redemption payment calculations provided for in the Indenture.
  3. The Principal Paying Agent is Citibank, N.A., London Branch, Citigroup Centre, Canada Square, Canary Warf, 14th Floor, London, E14 5LB, United Kingdom. The U.S. Paying Agent is Citibank, N.A., 388 Greenwich Street, New York, NY 10013, United States.
  4. The Notes must be surrendered to the Principal Paying Agent or the U.S. Paying Agent, as applicable, to collect the Redemption Price.
  5. No representation is made by the Issuers, the Trustee or Paying Agents as to the correctness of the ISIN, CUSIP or Common Code numbers either as printed on the Notes or as contained in this notice of redemption. Reliance may be placed only on the other identification numbers printed on the Notes.
  6. Unless the Issuers and the Guarantors default in paying the Redemption Price, interest on the Notes called for redemption shall cease to accrue on and after the Redemption Date.
  7. The Notes are being redeemed pursuant to paragraph 6(c) of the Notes and Section 3.01 of the Indenture.
  8. This notice of redemption is given on May 29, 2020 pursuant to paragraph 8 of the Notes and Section 3.04 of the Indenture.

Ninja Melk cans punch through lockdown

Ninja Melk cans punch through lockdown

In an uncertain time for retail, new energy drink Ninja Melk has exceeded expectations and enjoyed a successful European launch of an online shop that delivers its slimline cans direct to co...

6 Jul 2020

Ardagh to Release Q2 2020 Results

Ardagh to Release Second Quarter 2020 Results

Ardagh Group S.A. will publish its second quarter 2020 results on Thursday, July 23, 2020. A results release will be posted to our website at midday BST (07:00 ET) on July 23, at http://www....

1 Jul 2020

Ardagh install heat recycling system

Ardagh Wahlstedt install heat recycling system

At the core of production activities at Ardagh is a commitment to responsible environmental management. At Ardagh’s glass production facility in Wahlstedt, Germany, a new batch preheater, ...

23 Jun 2020

Ardagh's global cullet strategy

Ardagh's global cullet strategy

As part of our drive for sustainability, we work hard to continuously increase the amount of cullet in our glass production process. Currently we use up to 90% of cullet during the melting p...

19 Jun 2020

Our website uses cookies to analyse traffic to this site. By continuing to use our site without changing your browser settings to block or remove cookies, you are agreeing to the terms of our Privacy Statement.