Kristen M. Garry
Shearman & Sterling tax partner Kristen M. Garry was part of the team that represented Ardagh Packaging Finance plc and Ardagh Holdings USA Inc., subsidiaries of Ardagh Packaging Holdings Ltd., as co-issuers on a $3.1 billion notes offering.
The offering consisted of €1.2 billion 4.25% first priority senior secured notes due 2022, $1.1 billion floating rate first priority senior secured notes due 2019 and $440 million 6% senior notes due 2021. The notes are guaranteed by Ardagh Packaging Holdings and will be guaranteed by certain of its wholly owned subsidiaries, according to the law firm. The net proceeds from the issuance will be used to repay existing debt. The offering closed on July 3.