Ardagh bonds edge higher as sale of food cans venture draws close
Californian buyout firm Platinum Equity reported to be in talks to buy Ardagh’s 42%-owned Trivium for more than $3.5bn
Paul Coulson
Coulson’s love-in with junk bond investors in Ardagh hits the rocks
Analysts expect outlook for glass bottle sector to force group to restructure its debt at some point
Ardagh slashes forecast for glass bottle business as it mulls how to cut €11.5bn debt
Hit to bottle unit caused by weaker-than-expected demand among consumers in Europe, and a switch by drinks manufacturers from glass to aluminium cans
Ardagh’s riskiest bonds fall below 20c on euro ahead of results
Chairman of glass and metal packaging group says ‘all options’ to cut debt burden are being looked at
Ardagh to halt production at two US glass factories
Earnings and revenue at the group have fallen, driven by declines as drinks companies cut back orders
Ardagh enlists Apollo to refinance $700m debt falling due next year
Companies also agree plan to mop up some risky bonds as S&P moved earlier this month to downgrade company on account of $12bn debt burden
Ardagh’s debt nears $11.2bn amid S&P warning on risks
Packaging group’s riskiest bonds are currently trade at as low as 27 cents on the dollar
Ardagh revisits potential sale of food cans joint venture
Ardagh and Ontario Teachers’ Pension Plan Board are working with advisers to prepare Trivium for possible auction
No rest for the Cooler after exiting the hot seat at heavily indebted Ardagh
Paul Coulson has handed the reins to new chair Herman Troskie, but Ardagh’s €10.7bn debt pile means he can’t sit back and take it easy just yet
Ardagh chairman Paul Coulson to step down
Executive has been chairman of the glass and metal containers giant since 1998
Ardagh Group reports $155m loss for first half, weighed down by restructuring spend
Revenue up marginally while EBITDA increases by 10% compared to a year ago
Housing demand rises, Sean Quinn’s book, and Gammell joins Saudi airline
Business Today: the best news, analysis and comment from The Irish Times business desk
Ardagh’s main shareholder sells quarter of €53m stake in riskiest bonds
Paul Coulson takes advantage of a rally in market value
From rugby pitch to boardroom: Johnny Sexton to follow well trodden path into business world
The line up of current and former Irish international rugby players forging a career in business continues to grow with captain Johnny Sexton already planning his next move
Ardagh full-year underlying earnings fall amid rising costs and dollar
Glass and metal containers group led by Paul Coulson saw margins contract
Ardagh Metal Packaging sees revenues rise 21% in first quarter
‘Persistently high’ energy costs in Europe a headwind for maker of drink cans
Ardagh slides into €685m loss amid charge against US glass business
Cyberattack that forced temporary systems shutdown cost $5m after insurance cover
Irish ‘junk bond’ devotees get houses in order as market sours
Joe Brennan: Smurfit Kappa has been one of the darlings of the Irish market recently
The A to Z of financial markets in 2021
Apple soared and Zoom slumped in a year that saw markets surge to record levels
Ardagh reportedly eyeing sale of food cans joint venture
Citigroup and Evercore hired to manage disposal of Trivium Packaging
Ardagh Group acquires South African rival in $1bn deal
Company is buying Consol, which has four glass-production facilities in Johannesburg
Ardagh to open first plant in Ireland since Ringsend bottle factory closure
New York-listed group investing $200m in facility near Belfast
Ardagh Metal Packaging buys Canadian digital printing firm
Hart Print enables companies to imprint colourful artwork on aluminium cans
Seán FitzPatrick: Public opprobrium contrasts with praise over pre-Celtic Tiger role
Ex-Anglo Irish chief ‘unfairly vilified’ over financial collapse, say businesspeople
Seán FitzPatrick was ‘convenient scapegoat’ after crash, top financiers say
Dermot Desmond says ex-Anglo chairman was a ‘decent and honourable Irishman’
Ardagh Group sees more than 84% take-up of share swap offer
Swap will see group’s stake in Ardagh Metal Packaging fall to about 75% from 82%
Ardagh Group investors opt to swap shares into newly listed drinks cans unit
Exchange offer puts firm on track to see its stake in Ardagh Metal Packaging fall to 75%
Ardagh legacy investors eye slice of €252m special dividend
Dividend to be paid next month as company is delisted from New York Stock Exchange
Will Coulson pop the tab for his Ardagh disciples after drink cans unit flotation?
AMP’s stock market listing managed to avoid recent vagaries in IPO market
Ardagh Metal shares rise after SPAC merger
Shares edged higher as they began trading after merger with New York-listed cash shell
Ardagh Group takes $34m hit from May cyberattack
Company says production continued during attack but it experienced some shipping delays
Ardagh Metal earnings soar 24% before New York listing
Ebitda rose to $173m for the quarter, driven by strong sales growth in speciality cans
Davy Hickey investors sue amid row over Citywest developer’s future
Directors of firm accused of ‘oppression and disregard’ of minority shareholders’ rights
YOU MAY ALSO LIKE...
Crosswords & Puzzles
Crosswords & puzzles to keep you challenged and entertained
Common Ground
How does a post-Brexit world shape the identity and relationship of these islands
Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
Family NoticesOpens in new window
Weddings, Births, Deaths and other family notices