Ardagh Glass Finance plc - Irish Stock Exchange
Ardagh Glass Finance plc - Irish Stock Exchange
Ardagh Glass Finance plc - Irish Stock Exchange
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DESCRIPTION OF THE NOTES<br />
The definitions of certain terms used in this description are set forth under the subheading<br />
‘‘—Certain Definitions’’. In this ‘‘Description of the Notes’’, the word ‘‘Issuer’’ refers only to <strong>Ardagh</strong><br />
<strong>Glass</strong> <strong>Finance</strong> <strong>plc</strong> and the words ‘‘Parent Guarantor’’ refer only to <strong>Ardagh</strong> <strong>Glass</strong> Holdings Limited and<br />
not to any of its Subsidiaries, except for the purpose of financial data determined on a consolidated or<br />
combined basis, as the case may be. In addition, the words ‘‘Subsidiary Guarantors’’ refer to any<br />
Restricted Subsidiary that incurs a Guarantee, and the word ‘‘Guarantors’’ refers to the Parent<br />
Guarantor and the Subsidiary Guarantors collectively. For a list of Restricted Subsidiaries that will<br />
provide a Guarantee, see ‘‘Unaudited Supplemental Information on the Subsidiary Guarantors’’. Each<br />
of the Issuer and each Subsidiary Guarantor is a wholly owned direct or indirect Restricted Subsidiary.<br />
The word ‘‘Notes’’ refers also to ‘‘book-entry interests’’ in the Notes, as defined herein.<br />
The Issuer will issue and the Guarantors will guarantee A180.0 million aggregate principal amount<br />
of senior notes due 2020 (the ‘‘Notes’’) under an indenture (the ‘‘Indenture’’) among the Issuer, the<br />
Guarantors, The Bank of New York Mellon, as trustee (in such capacity, the ‘‘Trustee’’) and certain<br />
other agents party thereto. Except as set forth herein, the terms of the Notes include those set forth in<br />
the Indenture. The Indenture in turn includes certain provisions of the U.S. Trust Indenture Act of<br />
1939 (the ‘‘Trust Indenture Act’’) that are incorporated by reference in the Indenture. The Indenture is<br />
not, however, required to be nor will it be qualified under the Trust Indenture Act.<br />
The following description is a summary of the material terms of the Indenture. It does not,<br />
however, restate the Indenture in its entirety, and where reference is made to particular provisions of<br />
the Indenture, such provisions, including the definitions of certain terms, are qualified in their entirety<br />
by reference to all of the provisions of the Notes and the Indenture. You should read the Indenture<br />
because it contains additional information and because it and not this description defines your rights as<br />
a holder of the Notes. A copy of the form of the Indenture may be obtained by requesting it from the<br />
Issuer at the address indicated under ‘‘Listing and General Information’’.<br />
The Issuer has made an application for the Notes to be listed on the Global <strong>Exchange</strong> Market of<br />
the <strong>Irish</strong> <strong>Stock</strong> <strong>Exchange</strong>. The Issuer can provide no assurance that this application will be accepted.<br />
See ‘‘—Payments on the Notes; Paying Agent’’.<br />
Brief Description of the Notes<br />
The Notes will:<br />
(a) be the Issuer’s general unsecured obligations;<br />
(b) mature on February 1, 2020; and<br />
(c) be guaranteed on a senior basis by the Parent Guarantor and on a senior subordinated basis<br />
by the Subsidiary Guarantors.<br />
The Guarantees<br />
The Guarantors will jointly and severally guarantee the due and punctual payment of all amounts<br />
payable under the Notes, including principal, premium, if any, and interest payable under the Notes.<br />
The obligations of each Subsidiary Guarantor under its Guarantee will be limited to an amount<br />
not to exceed the maximum amount that can be guaranteed by such Subsidiary Guarantor without<br />
resulting in its obligations under its Guarantee being voidable or unenforceable under applicable laws<br />
relating to fraudulent transfer, or under similar laws affecting the rights of creditors generally or the<br />
maximum amount otherwise permitted by law. In particular, each Guarantee will be limited as required<br />
to comply with corporate benefit, maintenance of capital and other laws applicable in the jurisdiction of<br />
the relevant Subsidiary Guarantor. By virtue of these limitations, a Subsidiary Guarantor’s obligations<br />
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