Cahill Represents Debt Financing Sources in €1.7 Billion Acquisition of Impress Coöperatieve by Ardagh Glass
Cahill represented Citigroup Global Markets Limited, Credit Suisse Securities (Europe) Limited and J.P. Morgan Securities Ltd. in connection the Rule 144A/Reg S offering of €1,100,000,000 high yield notes issued by Ardagh Packaging Finance plc comprised of €825,000,000 7.375% First Priority Senior Secured Notes due 2017, $350,000,000 7.375% First Priority Senior Secured Notes due 2017, €275,000,000 9.250% Senior Notes due 2020 and $450,000,000 9.125% Senior Notes due 2020. The proceeds will be used by Ardagh Glass Group S.A to finance the acquisition of Impress Coöperatieve U.A. and to repay existing debt.
The acquisition of Impress Coöperatieve U.A. has a total transaction value (including assumed debt) of €1.7 billion. Completion of the acquisition is subject to customary regulatory approvals.