Ardagh Group Launches $1.28 Billion Dual-Currency Bond Offering to Refinance Debt Amid Market Recovery
Ardagh Group announces a dual-currency senior secured bond offering totaling approximately US$1.28 billion equivalent. The euro and US dollar tranches mature in January 2031 with a two-year non-call period. Proceeds will refinance existing debt and support corporate purposes. Lead bookrunners include Citigroup, Deutsche Bank, Goldman Sachs, and others. This move aligns with improving leveraged finance markets and investor demand for secured, long-dated bonds. Credit strengths include a global footprint in recyclable packaging serving consumer goods and beverage sectors. (Source: IFR by Owen Sanderson)
