Ardagh Finance Holdings (ARD) Files $100M IPO
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Ardagh Finance Holdings S.A. (NYSE: ARD) filed a registration with the U.S. SEC for an IPO of its common stock. The proposed maximum offering price is $100 million.
Ardagh Finance plans to trade on the NYSE under the ticker,
Citigroup is the underwriter on the offering.
Brief financial commentary:
Our pro forma net profit and Adjusted EBITDA† for the nine months ended September 30, 2016 were €55 million and €1,027 million, respectively. Our pro forma net profit and Adjusted EBITDA† for the year ended December 31, 2015 were €40 million and €1,287 million, respectively. Our net cash from operating activities for the nine months ended September 30, 2016 and for the year ended December 31, 2015 were €315 million and €568 million, respectively. Our Free Cash Flow† for the nine months ended September 30, 2016 and for the year ended December 31, 2015 were €115 million and €264 million, respectively.
Ardagh Finance Holdings a leading supplier of innovative, value-added rigid packaging solutions.
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