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Ardagh Group Makes Headway in Transaction Support Agreement

August 13, 2025 - LUXEMBOURG - Ardagh Group S.A. has successfully garnered overwhelming support from its investors regarding its senior secured notes and other financial instruments. As of the reported date, nearly 99% of holders of senior secured notes (SSNs) and senior unsecured notes (SUNs), in addition to approximately 82% of holders of senior secured toggle notes due 2027, known as PIK Notes, have committed to a transaction support agreement (TSA) initiated on July 28, 2025. This level of backing signals a robust vote of confidence in the company's financial strategy as it navigates the complexities of the market.

The company's proactive stance in securing this support highlights its strategic vision to ensure sustainable operations and growth within the competitive landscape of packaging solutions.

Background on Transaction Support Agreement

The transaction support agreement serves as a critical framework for guiding the future financial initiatives of Ardagh Group. It not only delineates the terms of the financial instruments involved but also aims to stabilize the company's capital structure through a thoughtfully outlined recapitalization transaction. This proactive approach is essential for stakeholders, including bondholders and institutional investors, who stand to benefit from the enhancements in the company's fiscal health propelled by their participation in the agreement.

Company Details and Initiatives

Ardagh Group has made significant strides in becoming a leader in the global packaging supply chain, specializing in metal and glass packaging for brand owners worldwide. Operating out of 58 facilities across 16 countries, the company employs around 19,000 individuals and reported sales figures of approximately $9.1 billion in 2024. The organization's commitment to sustainability is underscored by its focus on producing infinitely recyclable packaging solutions, a key consideration for modern consumers and businesses alike.

In light of the positive reception of its transaction support agreements, Ardagh Group invites holders of the SSNs, SUNs, and PIK Notes who have yet to join the TSA to access further information on the Agreed Recapitalization Transaction. The company has encouraged stakeholders to reach out to Kroll Issuer Services Limited, the appointed exchange and tabulation agent, for additional guidance.

A Step Forward for the Company

The lapse of the Early Consent Time marks a critical juncture in the ongoing financial journey of Ardagh Group. With overwhelming support flowing in, the company is well-positioned to advance its agenda of growth and to evolve its business model further in alignment with the shifting market dynamics.

While Ardagh's future remains subject to various risks, including market conditions and economic fluctuations, this momentous agreement represents a pivotal step forward. The company's leadership remains committed to transparency and responsiveness to its investors, ensuring they remain informed of any updates or developments in their strategic pathways.

As Ardagh Group continues its endeavor to enhance its capital positioning, stakeholders can look forward to receiving more detailed information as developments unfold. The company stands as a testament to resilience and innovation in the packaging industry, poised to leverage its strengthened financial footing for future successes.

Looking Ahead

In summary, Ardagh Group's recent accomplishment in solidifying investor support through its TSA is more than just a financial maneuver; it signifies the company's determination to adapt and thrive in an ever-evolving marketplace. By focusing on enhancing operational efficiencies and fostering sustainable growth, Ardagh Group is setting the stage for future achievements, reinforcing its role as a leader in the global packaging industry. Investors and stakeholders alike will be keenly watching for additional updates as the company navigates the course ahead.