Cahill Represents Initial Purchasers in Acquisition Financing for Ardagh
Date: 05/16/16
Cahill represented the initial purchasers in connection with a multicurrency Senior Secured Notes offering, comprising $500,000,000 aggregate principal amount of Senior Secured Floating Rate Notes due 2021, €440,000,000 aggregate principal amount of 4.125% Senior Secured Notes due 2023, and $1,000,000,000 aggregate principal amount of 4.625% Senior Secured Notes due 2023, guaranteed on a senior basis by Ardagh Packaging Holdings Limited and certain of its wholly owned subsidiaries. Cahill also represented the initial purchasers in connection with a multicurrency Senior Notes offering, comprising €750,000,000 aggregate principal amount of 6.750% Senior Notes due 2024 and $1,650,000,000 aggregate principal amount of 7.250% Senior Notes due 2024, guaranteed on a senior basis by Ardagh Packaging Holdings Limited and on a senior subordinated basis by certain of its wholly owned subsidiaries. Proceeds from the offerings were used to finance the acquisition of certain assets and liabilities of Ball Corporation and Rexam PLC in Brazil, Europe and the United States as well as to refinance certain of Ardagh’s outstanding senior notes.