Ardagh Metal Packaging’s $325 Million Asset Based Financing

Shearman & Sterling advised Ardagh Metal Packaging on the deal.

Ardagh Metal Packaging acted as the parent and guarantor on a $325 million asset based financing, agented by Bank of America, to be used for working capital and other general corporate purposes, and to pay certain fees and expenses.

Ardagh Metal Packaging supplies metal beverage cans in Europe, the United States and Brazil. Its products are used in various end-use categories, including beer, carbonated soft drinks, energy drinks, hard seltzers, juices, pre-mixed cocktails, teas, sparkling waters, and wine. The company serves beverage producers. The company is based in Luxembourg, Luxembourg. Ardagh Metal Packaging is a subsidiary of Ardagh Group.

The Shearman & Sterling team included Tomasz Kulawik (Picture), James Duncan, Winfried M. Carli, Kristen Garry, Jordan Altman, Paul Schreiber, Thomas Majewski, Magnus Wieslander, Tim Waterson, Woo Suk Hong, Tom Capper, Marius Garnatz, Nils Holzgrefe, Daniel Kachmar, Eunjee Chae, Sophie Zander, Camilla Hunter, Elliot Domio, and Gina Eum.

Involved fees earner: Jordan Altman – Shearman & Sterling; Tom Capper – Shearman & Sterling; Winfried Carli – Shearman & Sterling; Eunjee Chae – Shearman & Sterling; Elliot Domio – Shearman & Sterling; James Duncan – Shearman & Sterling; Marius Garnatz – Shearman & Sterling; Kristen Garry – Shearman & Sterling; Nils Holzgrefe – Shearman & Sterling; Camilla Hunter – Shearman & Sterling; Daniel Kachmar – Shearman & Sterling; Tomasz Kulawik – Shearman & Sterling; Thomas Majewski – Shearman & Sterling; Paul Schreiber – Shearman & Sterling; Woo Suk Hong – Shearman & Sterling; Tim Waterson – Shearman & Sterling; Magnus Wieslander – Shearman & Sterling; Sophie Zander – Shearman & Sterling;

Law Firms: Shearman & Sterling;

Clients: Ardagh Group S.A. ;

Author: Martina Bellini