Report
EUR 678.58 For Business Accounts Only

Ardagh Packaging Finance plc: Covenant Quality Post-Sale Snapshot: $1bn 6% Senior Notes Due 2025

CORPORATES ISSUER IN-DEPTH 6 February 2017 Source Documents: Offering Memorandum: 19 January 2017. Peer Group: Packaging KEY METRICS: Historic financial data: Total assets = 9,697 Pro forma financial data: Total debt = 7,675 Adj. EBITDA = 1,319 Interest expense = 444 Cash and cash equivalents = 285 All amounts in €m, unless otherwise stated, for period ended 30 September 2016. Ratios may vary from
Provider
Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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