Ardagh Glass, the glass container supplier, has raised E175 million in a ten-year bond issue.
The issue, which was launched on July 7th, has a rating of B1/B+, and a maturity date of July 1st, 2013. The notes were issued by Ardagh Glass Finance BV, a Guernsey based wholly owned subsidiary of Ardagh Glass, and are guaranteed on a senior basis by Ardagh Glass and on a senior subordinated basis by certain of its wholly owned subsidiaries.
An application has been made to list the notes on the Luxembourg Stock Exchange.
BNP Paribas and Citigroup acted as joint bookrunners, with Davy Stockbrokers acting as co-manager. The deal was more than five times oversubscribed with a total of E900 million worth of orders. |
