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Ardagh Group prices €790M senior secured notes

Jun. 05, 2020 11:37 AM ETArdagh Group S.A. (ARD) StockARDBy: Niloofer Shaikh, SA News Editor
  • Ardagh Group (ARD +4.2%) has priced an issue of €790M of 2.125% senior secured notes due 2026 at 96.5%, representing a yield of 2.74%, mirroring the terms of 2.125% senior secured notes due 2026, issued in August 2019.
  • Proceeds will be used to redeem in full the €741M 2.750% senior secured notes due 2024, as well as to pay accrued interest and redemption premium.

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