date:Oct 12, 2013
year, it will have to repay the senior secured 5% 250 million 2022s and 4.8% $420 million 2022s in full, as well as $700 million of 7% $850million 2020 senior notes at 101 plus accrued and unpaid interest.
The company is therefore offering bondholders an attractive fee to extend that mandatory redemption deadline to 13 July 2014, as it seeks ways to satisfy regulators. Ardagh needs a majority consent from bondholders to push the changes through.
Reuters have reported that consenting bondholder