Ardagh PIK toggle refi could pave way for share sale

GLOBALCAPITAL INTERNATIONAL LIMITED, a company

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Ardagh PIK toggle refi could pave way for share sale

Owen Sanderson
November 04, 2019 02:45 PM
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BG5M10 coca cola coke bottles bottle glass | Alamy Stock Photo

Citi is leading a $2.215bn dual currency PIK toggle issue for packaging company Ardagh, refinancing existing PIK and PIK toggle issues after the firm span out its metal packaging business — and making it easier to sell shares in the tightly held group to the market.

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