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Deal Details

C/PIndustryStatusTicker(s)Issuer(s)Size(m)TranchesRegionDate
HYC
MTRL
PRCD
AMPBEVAMPBEV
Ardagh Metal Packaging Finance USA LLC, Ardagh Metal Packaging Finance PLC-
2EMEA
Nov 20, 2025
currency
EUR
size (m)
570.000
maturity
Jan 30, 2031
type
Fixed
tenor
5.250
call
2.00
registration
144A/Reg S
benchmark
YLD
ranking
Sr. Secured
moody's
B2
s&p
B+
fitch
BB-
size description
-
re-open/tap
No
ipt
Whisper mid 5s; IPT mid-to-high 5s
ipt-pxd
-
guidance
5.25% area; Final 5.00%-5.125%
spread
-
coupon
5.00%
spread set
-
price
100.00000
yield
5.00%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
BAM, BMO, GSC, KEY, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
BAM, BMO, GSC, KEY, ...
passive leads
-
co-managers
-
coordinating managers
-
currency
USD
size (m)
620.000
maturity
Jan 30, 2031
type
Fixed
tenor
5.250
call
2.00
registration
144A/Reg S
benchmark
Tsy
ranking
Sr. Secured
moody's
B2
s&p
B+
fitch
BB-
size description
-
re-open/tap
No
ipt
6.75% area
ipt-pxd
-
guidance
6.50% area; Final 6.25%
spread
257
coupon
6.25%
spread set
-
price
100.00000
yield
6.25%
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
BAM, BMO, GSC, KEY, ...
passive leads
-
co-managers
-
coordinating managers
-
book size (m)
-
peak book (m)
-
x-covered
-
book attrition
-
nic
-
billing & delivering
-
active leads
joint leads
BAM, BMO, GSC, KEY, ...
passive leads
-
co-managers
-
coordinating managers
-
Tranche Comments
First Pay: 2036-06-30; Redemption: 2027-12-01; Registration: 144A/Reg S; Comments: B&D: JPM. CoC: 101%; First Pay: 2036-06-30; Redemption: 2027-12-01; Registration: 144A/Reg S; Comments: B&D: CTI. CoC: 101%;
Use of Proceeds
To redeem its $600m 6.00% sr sec notes due 06/15/27 (callable at 101.50), refinance its EUR269m sr sec term loan due 2029, fully redeem its preference shares issued to Ardagh Group, and terminate the Group's cross-currency interest rate swaps