Ardagh Group Launches $90 Million Debt Repurchase Program

The Luxembourg-based packaging giant, which operates 58 production facilities globally, set an expiration date of July 27, 2026, for the offers. Under the terms, holders of the 9.50% Senior Secured Notes have the highest acceptance priority, followed by holders of both the Euro-denominated and Dollar-denominated 11.00%/12.00% Second Lien Notes. The company plans to settle the accepted tenders on July 29, 2026.

Repurchase prices are set at $1,015 per $1,000 principal amount for the senior secured notes, and $1,000 per unit for the second lien series, plus accrued interest. Kroll Issuer Services Limited is acting as the tender agent for the transaction, which is restricted to qualified institutional investors and relevant professional parties. Ardagh, which reported $9.6 billion in revenue for 2025, is not providing recommendations to noteholders regarding the tender.