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ARD

Ardagh Group S.A. New York Stock Exchange
$25.6
Open: $25.99 High: $26.49 Low: $24.915 Close: $25.6
Range: 2021-03-02 - 2021-03-03
Volume: 180,666
Market: Open
Powered by Finage Stock APIDelayed data
ARD
Ardagh Group S.A. 56, rue Charles Martel Luxembourg , L-2134 http://www.ardaghgroup.com
Ardagh Group SA supplies rigid packaging solutions including metal and glass containers for food and beverage markets. Its end users include beer, wine, spirits, soft drink, energy drinks, juices, flavored waters, food, seafood and nutrition industries.
  • CEO: Paul Coulson
  • Employees: 23,000
  • Sector: Consumer Cyclical
  • Industry: Packaging & Containers
ARD News
Latest news about the ARD
  • Profit With These 7 Planet-Friendly Companies

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  • UPDATE 1-Ardagh Metal sells largest-ever green junk bond

    Ardagh Metal Packaging sold $2.8 billion worth of green bonds on Friday, the biggest green issuance in the high-yield market to date, as a part of its plan to merge with a blank-check firm backed by billionaire Alec Gores. Sub-investment-grade firms rarely issue green bonds, which fund environmentally-friendly projects. The issue from Ardagh Metal Packaging, which is being spun off from Luxembourg-based global packaging group Ardagh Group , is triple the size of French recycling services group Paprec's 2018 deal, the previous largest.

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  • Pricing of Upsized Green Bond Offering

    Ardagh Group ("Ardagh") (NYSE:ARD) announces that Ardagh Metal Packaging S.A. ("AMP") has priced the following transactions, totalling approximately $2.8 billion equivalent:

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  • Ardagh Metal sells largest-ever green junk bond

    Ardagh Metal Packaging sold $2.8 billion worth of green bonds on Friday, the biggest green issuance in the high-yield market to date, as a part of its plan to merge with a blank-check firm backed by billionaire Alec Gores. Sub-investment-grade firms rarely issue green bonds, which fund environmentally-friendly projects. The issue from Ardagh Metal Packaging, which is being spun off from Luxembourg-based global packaging group Ardagh Group, is triple the size of French recycling services group Paprec's 2018 deal, the previous largest.

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  • Ardagh Metal to sell largest-ever green junk bond

    Ardagh Metal Packaging will sell green bonds worth about $2.8 billion on Friday, the biggest green issuance in the high-yield market to date, as a part of its plan to merge with a blank-check firm backed by billionaire Alec Gores. Sub-investment-grade firms rarely issue green bonds, which fund environmentally-friendly projects. The issue from Ardagh Metal Packaging, which is being spun off from Luxembourg-based global packaging group Ardagh Group , is triple the size of French recycling services group Paprec's 2018 deal, the previous largest.

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  • SPAC Merger Sees Europe Price Largest Green Junk Bond

    (Bloomberg) -- Ardagh Metal Packaging’s sale of green junk bonds on Friday drew strong interest from investors seeking yield and environmental kudos, allowing it to increase the size of the offering to $2.8 billion.The company is being spun off from Ardagh Group SA, merged with a blank-check company backed by billionaire financier Alec Gores and will be listed on the New York Stock Exchange. Some proceeds from the sale, originally set to be the largest green bond for Europe’s high-yield market, will be used to fund or refinance “green projects,” the company said in a statement on Thursday.The deal should get more favorable pricing because of its green credentials, said Azhar Hussain, head of global credit at Royal London Asset Management. “The deal will also attract interest from investment-grade accounts who are moving down the market in search for better yields,” he said.Ardagh, known for its innovative approach to selling debt, is combining two hot trends to raise the cash: environmentally friendly bonds and special purpose acquisition companies, or SPACs.The once small-time glass-bottle maker in Ireland has grown into one of the world’s largest packaging companies, with Heineken, Perrier and Beavertown as customers. Favorable conditions in debt markets in recent years helped fund its expansion to the tune of about 8 billion euros ($9.8 billion) in loans and bonds since 2017.Of the new sale, around $2.3 billion will go to Ardagh Group as payment for the Ardagh Metal Packaging business, with the balance used for general cooperate purposes, the company said. Ardagh Group will retain an 80% stake in the beverage-can unit.Read More: Ardagh Prepares $2.3 Billion Green Junk Bond Amid SPAC Deal (1)The total sale, which will be split in four parts between dollars and euros, was increased by the equivalent of $150 million on Friday afternoon. The 450 million euros of senior secured notes are being marketed at a yield of about 2% and 500 million euros of unsecured notes at around 3%. The secured notes are rated rated BB, BB+, and Ba2.Hot MarketThe reflation trade, in which markets are pricing a coming economic rebound from the pandemic, is making higher-yielding debt even more attractive relative to investment grade assets.Read More: European Junk-Bonds Rise to Records Amid Reflation TradesThe prospect of inflation over the horizon adds to the luster of shorter-dated high-yield, according to George Curtis, a credit analyst at TwentyFour Asset Management.​​“Investment-grade spreads are inside 100 basis points and there is less margin for error if you get a rates move,” he said.(Updates first and seventh paragraph to reflect deal size.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Ardagh Group (ARD) Jumps: Stock Rises 8.6%

    Ardagh Group (ARD) saw a big move last session, as its shares jumped nearly 9% on the day, amid huge volumes.

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  • Ardagh Metal Packaging Finance plc -- Moody's assigns Ardagh Metal Packaging S.A. first-time B1 CFR; stable outlook

    Rating Action: Moody's assigns Ardagh Metal Packaging S.A. first-time B1 CFR; stable outlookGlobal Credit Research - 25 Feb 2021Moody's assigns Ba2 rating to the proposed $1,150 million equivalent guaranteed senior secured notes due 2028 and B3 rating to the $1,500 million equivalent guaranteed senior unsecured notes due 2029Milan, February 25, 2021 -- Moody's Investors Service ("Moody's") has today assigned a first-time B1 corporate family rating (CFR) and B1-PD probability of default rating (PDR) to recently created Luxembourg based metal beverage can manufacturer Ardagh Metal Packaging S.A. (AMP or the "company"). Concurrently, Moody's has assigned a Ba2 rating to the proposed $1,150 million equivalent guaranteed senior secured notes due 2028 and a B3 rating to the proposed $1,500 million equivalent guaranteed senior unsecured notes due 2029, both to be co-issued by Ardagh Metal Packaging Finance plc and Ardagh Metal Packaging Finance USA LLC. The outlook on all ratings is stable.AMP is the metal packaging business of ARD Finance SA (Ardagh, B3 stable), parent of Ardagh Group S.A. As announced by Ardagh on 23 February, AMP will be listed on the NYSE through the business combination with Gores Holding V, a special purpose acquisition company sponsored by an affiliate of The Gores Group.

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  • Blank-Check Buyers Set Sights on Corporate Spinouts as Next Prey

    (Bloomberg) -- Blank-check companies, flush with cash and on the hunt for a private business to take public, have started adding corporate carveouts to their list of potential purchases.The surge in special purpose acquisition companies, which have raised more than $137 billion over the past 12 months, has set off a global search for suitable targets -- usually startups with little revenue or mature companies sitting in private equity portfolios. Now SPACs are also looking at divisions of public companies, with an eye on those that have the potential to be carved out as standalone businesses.Publicly traded packager Ardagh Group SA on Tuesday agreed to sell its beverage-can unit to a blank-check company backed by financier Alec Gores. The transaction valued the can business at $8.5 billion including debt, making it the biggest SPAC deal involving a corporate carveout since the surge began, according to data compiled by Bloomberg.This type of transaction could become popular as more blank-check firms move to the dealmaking stage of their life cycle, crowding the market with suitors looking for a transaction.“It’s a pretty sizable deal,” said Christopher Anthony, a partner at Debevoise & Plimpton LLP. “It’ll be interesting whether this gets on people’s radar and stokes interest for this type of transaction.”Liquidity PathEventbrite Inc. co-founder Kevin Hartz, whose SPAC on Wednesday announced a $2.1 billion deal to merge with Markforged Inc., said that a public-company spinout was among the targets it reviewed before choosing the manufacturer of 3D printers.“SPACs have the ability to offer a path to liquidity not just for standalone-type private companies, but also public companies,” Hartz said.While blank-check companies have circled carveouts before, some haven’t made it to the finish line. Hartz said it’s easier to complete a deal with a private company than a spun-out entity, whose financials and accounting functions must be separated from its parent.Michael Klein’s Churchill Capital Corp. IV, months before it announced a deal with Lucid Motors Inc., held talks with AT&T Inc. about acquiring a part of satellite provider DirecTV, Bloomberg News reported.Some do succeed. Intercontinental Exchange Inc. in January said it would list its cryptocurrency platform Bakkt Holdings LLC through a SPAC in a deal that valued the unit at $2.1 billion. International Business Machines Corp., which is exploring a sale of its Watson Health business, may consider listing it via a SPAC as one option, according to a person familiar with the matter. IBM declined to comment.There could be benefits for a SPAC’s management team in buying a company that’s already been part of a public entity, said Ivana Naumovska, a professor of entrepreneurship at INSEAD Business School, based in Singapore.“Compared to acquiring private targets, acquiring spun-off subsidiaries of public firms seems less risky for SPACs in terms of due diligence, accounting, reporting, and governance considerations,” Naumovska, said. “Spun-off entities seem better equipped for the public market.”Keep ControlSPAC spinouts could particularly appeal to companies that want to get value out of a unit without giving up control. Ardagh, based in Ireland, will retain an 80% stake in the beverage-can unit, which will be listed on the New York Stock Exchange and run by its existing management team, according to a statement. The deal will help reduce Ardagh’s $6 billion debt pile.Jamie Corner, a partner at law firm Simmons & Simmons LLP, expects more carveouts to list via blank-check companies, even if separating business segments from listed companies can be complex and time-consuming.“It was going to take a little time for people to work out they could use the SPAC as a tool for a de-merger and then execute on that plan,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Launch of $2.65 billion Green Bond Offering

    Ardagh Group ("Ardagh") (NYSE:ARD) announces that Ardagh Metal Packaging S.A. ("AMP" or the "Company") has today, through its wholly-owned subsidiaries, Ardagh Metal Packaging Finance plc and Ardagh Metal Packaging Finance USA LLC, launched a bond financing of approximately $2.65 billion equivalent, through the issue of (i) $600 million US Dollar Senior Secured Notes due 2028, (ii) $550 million equivalent Euro Senior Secured Notes due 2028 (iii) $1,000 million Senior Notes due 2029 and (iv) $500 million equivalent Euro Senior Notes due 2029, (collectively the "Notes").

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  • Here's What To Make Of Ardagh Group's (NYSE:ARD) Returns On Capital

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  • Ardagh Metal Packaging To Combine With Gores Holdings V And List On NYSE

    Ardagh Group S.A. ("Ardagh") (NYSE: ARD), a global supplier of infinitely-recyclable metal beverage and glass packaging for the world's leading brands, and Gores Holdings V, Inc. ("Gores Holdings V") (NASDAQ: GRSV, GRSVU and GRSVW), a special purpose acquisition company sponsored by an affiliate of The Gores Group, today announced that they have entered into a definitive business combination agreement under which Gores Holdings V will combine with Ardagh's metal packaging business that will be held by Ardagh Metal Packaging S.A. (the "Company," "Ardagh Metal Packaging" or "AMP") to create an independent public company. The Company intends to apply to list its shares on the New York Stock Exchange ("NYSE") under the new ticker symbol "AMBP".

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  • Ardagh Group: Q4 Earnings Insights

    Shares of Ardagh Group (NYSE:ARD) were unchanged after the company reported Q4 results. Quarterly Results Earnings per share fell 28.21% year over year to $0.28, which beat the estimate of $0.26. Revenue of $1,703,000,000 up by 7.72% year over year, which beat the estimate of $1,620,000,000. Guidance Ardagh Group hasn't issued any earnings guidance for the time being. Revenue guidance hasn't been issued by the company for now. Conference Call Details Date: Feb 16, 2021 View more earnings on ARD Time: 10:00 AM ET Webcast URL: https://onlinexperiences.com/scripts/Server.nxp?LASCmd=AI:4;F:QS!10100&ShowUUID=E222571C-7140-4848-AA78-6D296B123DF7&Referrer=https%3A%2F%2Fwww.ardaghgroup.com%2F Price Action Company's 52-week high was at $21.54 52-week low: $9.20 Price action over last quarter: Up 11.68% Company Overview Ardagh Group SA operates in the consumer metal packaging industry. The company's products include conical, rectangular and oval-shaped steel and aluminum cans for multi and single-serve use; glass bottles and jars. It has four reportable segments such as Metal Packaging Europe, Metal Packaging Americas, Glass Packaging Europe and Glass Packaging North America. See more from BenzingaClick here for options trades from BenzingaEarnings Scheduled For February 16, 2021Earnings Outlook For Ardagh Group© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Ardagh Group SA to Host Earnings Call

    NEW YORK, NY / ACCESSWIRE / February 16, 2021 / Ardagh Group SA (NYSE:ARD) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 16, 2021 at 10:00 AM Eastern Time.Investor NetworkNEW YORK, NY / ACCESSWIRE / February 16, 2021 / Ardagh Group SA (NYSE:ARD) will be discussing their earnings results in their 2020 Fourth Quarter Earnings call to be held on February 16, 2021 at 10:00 AM Eastern Time.

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  • Ardagh Group S.A. - Fourth Quarter and Full Year 2020 Results

    Ardagh Group S.A. (NYSE: ARD) today announced its results for the fourth quarter and year ended December 31, 2020.

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  • Earnings Outlook For Ardagh Group

    Ardagh Group (NYSE:ARD) announces its next round of earnings this Tuesday, February 16. Here is Benzinga's everything-that-matters guide for this Tuesday's Q4 earnings announcement. Net Income, Earnings, And Earnings Per Share Earnings and EPS are useful metrics of profitability. Total earnings also known as net income is equal to total revenue minus total expenses. Dividing net income by the total number of shares outstanding yields EPS. Earnings And Revenue Analysts expect Ardagh Group earnings of $0.26 per share. Revenue will likely be around $1.62 billion, according to the consensus estimate. In the same quarter last year, Ardagh Group reported earnings per share of $0.39 on revenue of $1.58 billion. Why Analyst Estimates And Earnings Surprises Are Important Analysts who cover this company will publish forward-looking estimates of its revenue and EPS each quarter. Averaging together every EPS and revenue prediction that each analyst makes about a company in a quarter yields the "consensus estimates." A company posting earnings or revenue above or below the consensus estimate is known as an "earnings surprise" and may move the stock by a considerable margin. View more earnings on ARD The analyst consensus estimate would represent a 33.33% decrease in the company's earnings. Revenue would be have grown 2.47% from the same quarter last year. In comparison to analyst estimates in the past, here is how the company's reported EPS stacks up: Quarter Q3 2020 Q2 2020 Q1 2020 Q4 2020 EPS Estimate 0.40 0.33 0.28 0.26 EPS Actual 0.48 0.37 0.31 0.39 Revenue Estimate 1.73 B 1.61 B 1.62 B 1.59 B Revenue Actual 1.80 B 1.61 B 1.62 B 1.58 B Stock Performance Shares of Ardagh Group were trading at $18.37 as of February 11. Over the last 52-week period, shares are down 11.26%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. Do not be surprised to see the stock move on comments made during its conference call. Ardagh Group is scheduled to hold the call at 10:00:00 ET and can be accessed here. See more from BenzingaClick here for options trades from BenzingaEarnings Preview for SabreA Preview Of Continental Resources's Earnings© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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  • Ardagh Considers Listing Cans Unit Via Alec Gores SPAC

    (Bloomberg) -- Ardagh Group SA, the global packaging group, is considering listing its beverage can business via a deal with blank-check company Gores Holdings V Inc., people familiar with the matter said.U.S.-listed Ardagh has held talks to merge the unit with the special purpose acquisition company backed by billionaire financier Alec Gores, the people said, asking not to be identified because the information is private.No deal has been reached and the discussions could fall apart, the people said. Ardagh may also consider other methods of spinning off the business or decide to keep it, according to the people. Representatives for Ardagh and Gores Holdings V declined to comment.Ardagh manufactures packaging for the food, drinks, pharmaceutical and personal care markets. Its cans are used by beverage brands including Beavertown, Heineken and Perrier, according to its website.The company’s metal beverage packaging business in Europe generated $421 million of revenue in the third quarter of 2020. It reported $478 million of sales in the Americas during the three months through September.Gores Holdings V raised $525 million in August for an acquisition. The SPAC’s paperwork doesn’t specify a particular sector in which it will pursue a transaction.Packaging companies have struck $12.8 billion of deals globally during the past 12 months, according to data compiled by Bloomberg. Crown Holdings Inc. is running an auction for its food cans business, which is expected to fetch more than $2 billion, Bloomberg News has reported.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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    The iShares Silver Trust, the world’s largest silver-backed exchange-traded fund, received more than $1 billion of inflows on Friday.

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  • At US$18.02, Is Ardagh Group S.A. (NYSE:ARD) Worth Looking At Closely?

    Ardagh Group S.A. ( NYSE:ARD ), is not the largest company out there, but it received a lot of attention from a...

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  • Is ARD A Good Stock To Buy Now?

    We at Insider Monkey have gone over 817 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds’ and investors’ portfolio positions as of September 30th. In this article, we look at what those funds think of Ardagh Group S.A. (NYSE:ARD) based on that […]

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