Ardagh Metal (AMBP) Rebounds as Firm Slashes $4.3-Billion Debt

We recently published These 10 Stocks are Winning Big. Ardagh Metal Packaging SA (NYSE:AMBP) is one of the best-performing stocks on Monday.

Ardagh Metal bounced back from two days of losses on Monday, jumping 6.38 percent to close at $4 apiece as investors cheered a massive recapitalization program that will see the company being taken over by new major shareholders.

In a statement, Ardagh Metal Packaging SA (NYSE:AMBP) said that the transaction involves a debt-to-equity conversion of some $4.3 billion in obligations to creditors of its existing senior unsecured notes (SUN) and senior secured toggle (PIK) notes.

Effectively, SUN creditors will become the majority shareholders of the group, receiving 92.5 percent of equity, while the remaining 7.5 percent will represent the PIK holders.

The transaction also involves a provision for $1.5 billion in new capital and extension of existing bond maturities, among others.

Ardagh Metal Packaging SA (NYSE:AMBP) said that the transaction is expected to effectively reduce its debt burden.

Ardagh Metal Packaging SA (NYSE:AMBP) said it expects to complete the transaction by September 30, 2025, subject to regulatory approvals and other customary conditions.

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