Ardagh Group's new senior secured facility with Apollo Capital Management

Elvinger Hoss Prussen provided legal advice to Ardagh Group S.A.'s unrestricted subsidiary, Ardagh investments Holdings Sarl ("AIHS") to execute definitive documentation for a new senior secured facility involving Apollo Capital Management L.P.’s managed entities and investment funds, consisting approximatively of: (i) €790 million senior secured term loan; (ii) $250 million (equivalent) senior secured exchange term loan. The facilities are expected to be drawn down in the second quarter of 2024.

Ardagh Group is a global supplier of sustainable, infinitely recyclable, metal and glass packaging for brand owners around the world.

The team was led by Partner Karl Pardaens and Counsel Cristina Beniog, in collaboration with Associates Ozan Imrek and Piotr Sklodowski and Lawyers Octavio Lanzi, Berkay Baran and Nicolas Moumaneix.