Business
Ardagh Metal Packaging S.A. Notes Ardagh Group S.A. Update on Discussions with Noteholders
On March 11, 2025, Ardagh Group S.A. ("AGSA"), the controlling shareholder of Ardagh Metal Packaging S.A. (the "Company" or "we," "us" and "our"), which indirectly owns approximately 76% of the Company's outstanding ordinary shares (the "AMPSA Ordinary Shares") and all of the Company's outstanding preferred shares (the "AMPSA Preferred Shares" and, together with the AMPSA Ordinary Shares, the "AMPSA Interests"), announced that it is engaging in negotiations with certain holders of its senior sec
About this update from Ardagh Metal Packaging S.a.
[{"type":"text","content":"LUXEMBOURG, April 7, 2025 /PRNewswire/ -- On March 11, 2025, Ardagh Group S.A. ("AGSA"), the controlling shareholder of Ardagh Metal Packaging S.A. (the "Company" or "we," "us" and "our"), which indirectly owns approximately 76% of the Company's outstanding ordinary shares (the "AMPSA Ordinary Shares") and all of the Company's outstanding preferred shares (the "AMPSA Preferred Shares" and, together with the AMPSA Ordinary Shares, the "AMPSA Interests"), announced that it is engaging in negotiations with certain holders of its senior secured notes (the "SSNs," these certain holders the "SSN Holders") and certain holders of its senior unsecured notes (the "SUNs," these certain holders the "SUN Holders," and together with the SSN Holders, the "Holders"). Certain of the SSN Holders hold SUNs, while certain of the SUN Holders hold SSNs.","length":991,"tagName":"p"},{"type":"image","alt":"(PRNewsfoto/Ardagh Metal Packaging S.A.)","displaySize":"","headline":null,"caption":"(PRNewsfoto/Ardagh Metal Packaging S.A.)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":80,"url":"https://media.zenfs.com/en/prnewswire.com/0a2a734dace2d71fe6c01715b5217193"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/kl3C2wyy6g8NLByoLYuCAg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE0MTtjZj13ZWJw/https://media.zenfs.com/en/prnewswire.com/0a2a734dace2d71fe6c01715b5217193","width":400,"height":80}},"href":"https://mma.prnewswire.com/media/1583739/Ardagh_Metal_Packaging_Logo.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"As an update to the March 11 announcement, on April 7, 2025, AGSA provided a further update on its discussions with the Holders (the "Update"), which, summarized the SSN Holders' latest proposal to AGSA (the "SSN proposal") and AGSA's counterproposal. The Update indicates that while no transaction has been agreed at this stage, the SSN proposal includes a potential divestment by AGSA of its AMPSA Ordinary Shares, subject to the AGSA board's approval, to a new special purpose vehicle holding structure ("New BidCo") to be owned 80% by existing indirect shareholders of AGSA and 20% by participating holders...