Ardagh Metal Packaging Secures $1.29 Billion Through Green Notes Offering

Ardagh Metal Packaging's New Green Notes Offering

On November 20, 2025, Ardagh Metal Packaging S.A. (AMP) unveiled its pricing for a substantial issue of $1.29 billion in senior secured green notes. This issuance represents a strategic move aimed at furthering the company’s commitment to sustainability while maintaining robust financial health. The offering includes $620 million of 6.250% senior secured green notes due in 2031 and €570 million of 5.000% senior secured green notes also due in 2031.

The proceeds from this sizable note offering are earmarked for various forms of debt refinancing as well as investments aimed at bolstering AMP's sustainability initiatives. Specifically, the capital raised will be directed towards:
1. Redeeming AMP's existing $600 million 6.000% senior secured green notes set to mature in 2027.
2. Repaying €269 million towards a senior secured term loan.
3. Redeeming €250 million worth of preferred shares with a 9.000% yield.

Oliver Graham, AMP’s CEO, expressed his gratitude for the overwhelming support from investors across both euro and dollar markets. This level of backing is seen as a reflection of AMP’s improved financial positions and its dedication to environmental sustainability. Graham noted that this transaction not only extends the maturity outlook of their debt—no bonds will mature before September 2028—but also simplifies their capital structure and contributes positively to cash flow may also be enhanced by the dividends relating to the preferred shares.

In a statement regarding the current financial outlook, CFO Stefan Schellinger highlighted recent credit rating upgrades from both Fitch and Standard & Poor's, which recognize AMP’s improved fiscal standing and resilient performance in the market. The adjustments in credit ratings further align with the company's upward revisions in its Adjusted EBITDA guidance for the ongoing year.

AMP’s focus on sustainability and innovative packaging solutions demonstrates its role as a key player in the sustainable packaging sector, providing infinitely recyclable metal beverage cans. Being a part of Ardagh Group, AMP has a strong operational footprint, featuring 23 production facilities in nine countries, and employing approximately 6,300 individuals, with revenues reported at a remarkable $4.9 billion for the year 2024.

As the global market shifts towards environmentally friendly practices, AMP's issuance of green notes signals its proactive approach in capitalizing on this trend and furthering its commitment towards responsible and sustainable growth. This announcement is crucial for potential investors and stakeholders looking for insight into AMP’s future direction, capital strategies, and environmental responsibility initiatives.

In conclusion, while this announcement is for informational purposes and does not constitute an offer to buy or sell securities, it reflects AMP's strategy of enhancing its financial health and supporting its sustainability credentials, asserting its position in the global market. Investors and those interested in AMP are encouraged to conduct further research, particularly in relation to detailed offerings that may be provided in specific offering memorandums related to these financial products.