Ardagh Group - comment
The excess proceeds tender from Ardagh will see the SSNs and 2nd Liens slightly firmer. The purchase was expected, so the impact will be modest. The $90m offer will favour the SSNs (in accordance with the bond documents).
The excess proceeds tender from Ardagh will see the SSNs and 2nd Liens slightly firmer. The purchase was expected, so the impact will be modest. The $90m offer will favour the SSNs (in accordance with the bond documents).