#Senior Secured Notes #Luxembourg #Second Lien Notes #Ardagh Group

Ardagh Group Initiates Cash Tender Offer for Outstanding Notes

On June 22, 2026, Ardagh Group S.A. (AGSA) and Ardagh Holdings USA Inc. unveiled a cash tender offer to their noteholders regarding certain securities. This strategic move seeks to repurchase up to $90,417,000 of their 9.50% Senior Secured Notes maturing in 2030, alongside the Euro and Dollar-denominated Second Lien Notes of 11.00% and 12.00%, also due in 2030.

This tender offer reflects Ardagh's proactive financial management, demonstrating both an effort to optimize their debt portfolio and to address shareholder interests effectively. The company's decision comes as part of its financial strategy, aimed at reinforcing its balance sheet while maximizing liquidity. The targeted amount from the tender is centered on two categories of notes: $1,560,000,000 of the First Lien Notes and approximately €1,279,852,437 and $1,258,436,251 of the Second Lien Notes in respective currencies.

Details of the Tender Offer

The tender offer references the following securities:

• - 9.50% Senior Secured Notes due 2030

- Acceptance Priority Level: 1
- Principal Amount Outstanding: $1,560,000,000
- Repurchase Price: $1,015 per $1,000 principal amount

• - 11.00/12.00% Euro-Denominated Second Lien Notes due 2030

- Acceptance Priority Level: 2
- Principal Amount Outstanding: €1,279,852,437
- Repurchase Price: €1,000 per €1,000 principal

• - 11.00/12.00% Dollar-Denominated Second Lien Notes due 2030

- Acceptance Priority Level: 2
- Principal Amount Outstanding: $1,258,436,251
- Repurchase Price: $1,000 per $1,000 principal

The repurchase offer prioritizes acceptance levels, beginning with the first lien notes before moving to the second lien notes. Participants should be aware that while accrued interest is expected, the tender excludes future interest payments on bought notes.

Key Timelines for Investors

The tender offers are set to conclude at 5:00 p.m. (New York City time) on July 27, 2026. Following this period, Ardagh Group anticipates processing the repurchase transaction on July 29, 2026. This timeline underscores the urgency perceived by the company in optimizing its financial engagements.

Ardagh Group's Market Position

Ardagh Group is distinguished as a global supplier of infinitely recyclable packaging solutions, primarily focusing on metal and glass containers. With operations spanning 58 production facilities across 16 countries, it employs approximately 19,000 individuals. The company achieved roughly $9.6 billion in revenue for the year 2025, underscoring its significant footprint in the packaging industry.

The initiation of this cash tender offer aligns with Ardagh Group's overarching goal of maintaining a robust financial strategy amidst fluctuating market conditions. As the company evolves, it remains committed to enhancing its position in the competitive packaging landscape while prioritizing shareholder returns.

Conclusion

As Ardagh Group moves forward with its cash tender offer, investors and stakeholders will be keenly observing its impact on the company’s financial health and strategic direction. This step not only showcases Ardagh's commitment to financial prudence but also illustrates the dynamic nature of its operations in the global market. Stakeholders are encouraged to consider the implications of this move for both short-term financial performance and long-term viability in the increasingly competitive packaging sector.