Launch of $500 million senior secured notes

Launch of $500 million senior secured notes.ardagh group sa - launched an offering of $500 million senior secured notes due 2025.ardagh group sa - proceeds will be used to repay in full a $300 million term loan credit facility.ardagh group sa - expects to report adjusted ebitda for q1 of 2020 in line with its guidance of $270 million.ardagh group - pro forma for offering, total cash and committed liquidity would increase to $1.3 billion, including approximately $1.15 billion in cash.ardagh group sa - no material impact from recent outbreak of covid-19 during quarter.ardagh group sa - overall demand has remained resilient to date.ardagh group - covid outbreak may adversely affect ability to operate business, including potential disruptions to supply chain and workforce.ardagh group sa - covid-19 impact on capital markets could also impact co's cost of borrowing.
ARD Ratings Summary
ARD Quant Ranking