Meet Paul ‘the Cooler’ Coulson: One of the godfathers of leveraged finance
Coulson is negotiating hard with creditors of Ardagh on a payoff for shareholders in return for walking away from the highly-leveraged packaging giant
Ardagh Group
Irish mogul Paul Coulson insists on $300m to walk away from Ardagh
Paul Coulson in talks over restructuring packaging business saddled with $10bn of debt built up in era of cheap money
Paul Coulson faces last stand in battle to retain control of Ardagh
Bondholders have offered Coulson and other investors $250m to hand over total control of the empire
Paul Coulson offered $250m to walk away from Ardagh amid crunch debt talks
Deal would see businessman cede control of glass and metal containers giant
Ardagh talks with creditor group break down over improving cans unit
Packaging giant built by Paul Coulson ‘remains committed to putting in place a sustainable capital structure’
Ardagh cans unit ‘turns corner’ amid Coulson bid to keep control
Ardagh Group continues talks with bondholders on restructuring its estimated $12.5 billion debt
Ardagh says claim by bond investors ‘without merit’
Firm is in negotiations over possible debt restructuring
Hedge funds claim Ardagh debt plan ‘siphons’ value to Coulson
Ardagh says it ‘strongly refutes the complaint and believes it is without merit’
Ardagh in talks to hand control of glass business to bondholders
Negotiations come as firm seeks to reduce debt pile
Ireland faces EU bill of up to €26bn if it misses climate targets
The best news, analysis and comment from The Irish Times business desk
Ardagh financial engineering ‘poster child’ as battle for control looms, says analyst CreditSights
Packaging group says it has invested more than $3.5bn in assets since 2021
Ardagh warns of risks to its ability to continue as going concern amid debt restructuring talks
Ardagh Group had net borrowings of $10.5 billion at the end of December
Johnny Sexton prepares for crunch test as his new employer faces off with bondholders
Paul Coulson’s glass and cans business was built on the back of junk bond debt but rising rates and volatile glass bottle markets have left it debt heavy
Ardagh Group’s biggest shareholder, chair and financial chief quit funding company’s board
The best news, analysis and comment from The Irish Times business desk
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