Ardagh Group

Coulson quits Ardagh unit with riskiest bonds as restructuring looms

Bonds issued by ARD Finance are currently trading as low as 9.5 cent on the dollar

Ardagh enlists restructuring experts to board as it looks to cut €12bn debt

Debt of Paul Coulson’s packaging group is seen as too high by analysts as outlook for glass bottles unit weakens

Ardagh cuts glass forecasts again as it continues to weigh options for €11.5bn debt

Fall driven by a drop in glass volume sales in North America

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

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

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Ardagh’s riskiest bonds hit low of 21 cent on the euro on Apollo deal

Declines follow Ardagh’s deal with the debt solutions company to buy out some of the group’s riskiest bonds

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

Cork native Gordon Hardie named chief executive of US glass containers giant

O-I Glass appointment will see three of the world’s largest packaging groups under the influence of Irishmen

Ardagh bonds drop as packaging giant eyes talks on debt

A holding company at top of Paul Coulson’s packaging empire had $11.6 billion of borrowings as of September

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

Weight-loss drugs threaten profits at food and beverage makers worldwide

Analysts also flag risks to packaging producers such as Paul Coulson’s Ardagh Metal Packaging

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

Why dividend yield at Coulson’s Ardagh Metal is safer than market fears

Share price slump of beverage can marker since it floated two years ago leaves its dividend yield at eyewatering 11%

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