Ardagh Metal Packaging Completes Recapitalization Transaction

Reuters11-13
Ardagh Metal Packaging Completes Recapitalization Transaction

Ardagh Metal Packaging SA has announced the successful completion of its recapitalization transaction. As part of the process, Mark Porto has joined the board of directors, bringing over 20 years of leadership experience in industrial manufacturing and related sectors. Paul Coulson has resigned from the board. The transaction resulted in the indirect ownership of the company's controlling shareholder, Ardagh Group S.A., being transferred to the former holders of Ardagh's senior unsecured notes and PIK notes, primarily major financial institutions and investment funds. The company also finalized agreements with its financial creditors and stakeholders.

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