Ardagh unveils new debt for Verallia buyout

By Olivier Holmey
31 Jan 2014

Ardagh Group has set out a new plan to finance its acquisition of Saint-Gobain's subsidiary Verallia North America, after a delay in winning approval for the deal forced it to cancel the first financing.

The Irish producer of glass and metal packaging is raising $1.53bn of debt financing through a term loan facility and senior notes.

Earlier this month, Ardagh repaid the holders of €250m and $1.27bn of bonds it issued a year ago, after a delay in its takeover of Verallia. ...

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