Ardagh Group announces the offering of €200,000,000 9.250% Senior Notes due 2020

Date: 11 February 2011

1 February 2011. Ardagh Packaging Finance plc, a subsidiary of Ardagh Packaging Holdings Limited, announces the offer of €200,000,000 9.250% Senior Notes due 2020 (the “Senior Notes”).

The Senior Notes, if issued, will constitute a single class of notes with the €275,000,000 9.250% senior notes issued on 8 October 2010. The Senior Notes will be guaranteed on a senior basis by Ardagh Packaging Holdings Limited and on a senior subordinated basis by certain of its wholly-owned subsidiaries.

The net proceeds from the issuance and sale of the Senior Notes will be used for general corporate purposes (which may include acquisitions in the near and medium term).

The expectations of Ardagh Packaging Holdings Limited regarding operating and financial performance in the fourth quarter of 2010 (which are currently based on internal management estimates and are subject to confirmation in the annual report for 2010) are as follows:

* revenues and EBITDA on a combined basis to be in line with those of the fourth quarter of 2009;

* cash flow generation in the fourth quarter of 2010 to be better than expected and the year-end net debt position to be lower than expected;

* capital expenditures for the full year 2010 to be in line with expectations and estimated at €180 million; and

* 2010 year-end liquidity position to be better than expected.

The Senior Notes have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or any U.S. State security laws. Accordingly, the Senior 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 and outside the United States in accordance with Regulation S under the U.S. Securities Act.

1 February 2011

The offer and sale of the Senior Notes will be made pursuant to an exemption under the Prospectus Directive, 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 Prospectus Directive.

This announcement does not constitute an offer to sell or the solicitation of an offer to buy any Senior Notes, nor will there be any sale of Senior Notes referred to in this announcement, in any jurisdiction, including the United States, in which such offer, solicitation or sale is not permitted. The Senior Notes may not be offered or sold in the United States absent registration under the U.S. Securities Act, or an exemption from registration.

February 3, 2011

600450 Ardagh Group announces the offering of €200,000,000 9.250% Senior Notes due 2020 glassonweb.com

See more news about:

Others also read

Proprietary laminate windows collect, store energy; convert it to electricityRIVIERA BEACH, FL – An innovative new patented technology transforms office building windows into "solar farms" and allows these structures to reuse collected energy and become self-sufficient in the event of a power outage.
DALLAS, Texas, December 22, 2011 /PRNewswire/ --ReportsnReports adds new market research report 'Solar Photovoltaic (PV) Power - Global Market Size, Installation Prices, Module Market Shares, Market Segmentation, Regulations and Key Country Analysis to 2020' to its store.
The University of Minnesota's historic Folwell Hall completed three years of extensive renovation, just time for the 2011 academic year.
The renewal process for AAMA Corporate Members is now open. AAMA Corporate Membership is available to businesses involved in the manufacture, sale or service of fenestration products and is renewed on an annual basis.
Today designers and architects are looking to the hotel bathroom as the new frontier of the guestroom, turning what has long been a mostly functional space into a haven and means of escape.
Glassman as one of the largest glass processing machine manufactures in the world presented ZAK Glass Technology Exhibition during 8-11 December 2011, in Mumbai, India.

Add new comment