Paul Coulson
Ardagh creditors-turned-owners tap turnaround veteran for chairman as Coulson exits
Ardagh’s senior secured bondholders have agreed to extend the terms of their bonds to 2030
Ardagh seen torching riskiest bonds through courts as consent route fails
Holders of Ardagh’s senior bonds have backed a major debt restructuring plan
Ardagh Metal raises profit forecast again as bondholders prepare to take charge
Paul Coulson is preparing to cede control of Ardagh Metal Packaging and its parent, Ardagh Group, in debt restructuring
Paul Coulson: The high-wire financier who cut his teeth restructuring the Trinity Ball
Irish financier to leave business he built up
Paul Coulson to get €108m payment from Ardagh creditors to cede control of group
Debt restructuring will see senior unsecured bondholders and holders of high-risk PIK notes swap $4.2bn of debt for equity in Ardagh Group
Coulson nears $300m deal to walk away from debt-laden Ardagh
Debt restructuring talks with bondholders reach pivotal point
Meet Paul ‘the Cooler’ Coulson: One of the godfathers of leveraged finance
Coulson is negotiating hard with creditors of Ardagh on a payoff for shareholders in return for walking away from the highly-leveraged packaging giant
Irish mogul Paul Coulson insists on $300m to walk away from Ardagh
Paul Coulson in talks over restructuring packaging business saddled with $10bn of debt built up in era of cheap money
Paul Coulson faces last stand in battle to retain control of Ardagh
Bondholders have offered Coulson and other investors $250m to hand over total control of the empire
Paul Coulson offered $250m to walk away from Ardagh amid crunch debt talks
Deal would see businessman cede control of glass and metal containers giant
Ardagh talks with creditor group break down over improving cans unit
Packaging giant built by Paul Coulson ‘remains committed to putting in place a sustainable capital structure’
Ardagh cans unit ‘turns corner’ amid Coulson bid to keep control
Ardagh Group continues talks with bondholders on restructuring its estimated $12.5 billion debt
Hedge funds claim Ardagh debt plan ‘siphons’ value to Coulson
Ardagh says it ‘strongly refutes the complaint and believes it is without merit’
Ardagh in talks to hand control of glass business to bondholders
Negotiations come as firm seeks to reduce debt pile
Ireland faces EU bill of up to €26bn if it misses climate targets
The best news, analysis and comment from The Irish Times business desk
Ardagh financial engineering ‘poster child’ as battle for control looms, says analyst CreditSights
Packaging group says it has invested more than $3.5bn in assets since 2021
Ardagh warns of risks to its ability to continue as going concern amid debt restructuring talks
Ardagh Group had net borrowings of $10.5 billion at the end of December
Johnny Sexton prepares for crunch test as his new employer faces off with bondholders
Paul Coulson’s glass and cans business was built on the back of junk bond debt but rising rates and volatile glass bottle markets have left it debt heavy
Ardagh Group’s biggest shareholder, chair and financial chief quit funding company’s board
The best news, analysis and comment from The Irish Times business desk
Coulson quits Ardagh unit with riskiest bonds as restructuring looms
Bonds issued by ARD Finance are currently trading as low as 9.5 cent on the dollar
Ardagh enlists restructuring experts to board as it looks to cut €12bn debt
Debt of Paul Coulson’s packaging group is seen as too high by analysts as outlook for glass bottles unit weakens
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It was a challenging year for some listed companies and a record year for CEO departures
Ardagh bonds edge higher as sale of food cans venture draws close
Californian buyout firm Platinum Equity reported to be in talks to buy Ardagh’s 42%-owned Trivium for more than $3.5bn
Coulson’s love-in with junk bond investors in Ardagh hits the rocks
Analysts expect outlook for glass bottle sector to force group to restructure its debt at some point
Ardagh slashes forecast for glass bottle business as it mulls how to cut €11.5bn debt
Hit to bottle unit caused by weaker-than-expected demand among consumers in Europe, and a switch by drinks manufacturers from glass to aluminium cans
Ardagh’s riskiest bonds fall below 20c on euro ahead of results
Chairman of glass and metal packaging group says ‘all options’ to cut debt burden are being looked at
Ardagh to halt production at two US glass factories
Earnings and revenue at the group have fallen, driven by declines as drinks companies cut back orders
Ardagh enlists Apollo to refinance $700m debt falling due next year
Companies also agree plan to mop up some risky bonds as S&P moved earlier this month to downgrade company on account of $12bn debt burden
Ardagh’s debt nears $11.2bn amid S&P warning on risks
Packaging group’s riskiest bonds are currently trade at as low as 27 cents on the dollar
Ardagh revisits potential sale of food cans joint venture
Ardagh and Ontario Teachers’ Pension Plan Board are working with advisers to prepare Trivium for possible auction
No rest for the Cooler after exiting the hot seat at heavily indebted Ardagh
Paul Coulson has handed the reins to new chair Herman Troskie, but Ardagh’s €10.7bn debt pile means he can’t sit back and take it easy just yet
Ardagh chairman Paul Coulson to step down
Executive has been chairman of the glass and metal containers giant since 1998
Ardagh Group reports $155m loss for first half, weighed down by restructuring spend
Revenue up marginally while EBITDA increases by 10% compared to a year ago
Housing demand rises, Sean Quinn’s book, and Gammell joins Saudi airline
Business Today: the best news, analysis and comment from The Irish Times business desk
Ardagh’s main shareholder sells quarter of €53m stake in riskiest bonds
Paul Coulson takes advantage of a rally in market value
From rugby pitch to boardroom: Johnny Sexton to follow well trodden path into business world
The line up of current and former Irish international rugby players forging a career in business continues to grow with captain Johnny Sexton already planning his next move
Ardagh full-year underlying earnings fall amid rising costs and dollar
Glass and metal containers group led by Paul Coulson saw margins contract
Ardagh Metal Packaging sees revenues rise 21% in first quarter
‘Persistently high’ energy costs in Europe a headwind for maker of drink cans
Ardagh slides into €685m loss amid charge against US glass business
Cyberattack that forced temporary systems shutdown cost $5m after insurance cover
Irish ‘junk bond’ devotees get houses in order as market sours
Joe Brennan: Smurfit Kappa has been one of the darlings of the Irish market recently
The A to Z of financial markets in 2021
Apple soared and Zoom slumped in a year that saw markets surge to record levels
Ardagh reportedly eyeing sale of food cans joint venture
Citigroup and Evercore hired to manage disposal of Trivium Packaging
Ardagh Group acquires South African rival in $1bn deal
Company is buying Consol, which has four glass-production facilities in Johannesburg
Ardagh to open first plant in Ireland since Ringsend bottle factory closure
New York-listed group investing $200m in facility near Belfast
Ardagh Metal Packaging buys Canadian digital printing firm
Hart Print enables companies to imprint colourful artwork on aluminium cans
Seán FitzPatrick: Public opprobrium contrasts with praise over pre-Celtic Tiger role
Ex-Anglo Irish chief ‘unfairly vilified’ over financial collapse, say businesspeople
Seán FitzPatrick was ‘convenient scapegoat’ after crash, top financiers say
Dermot Desmond says ex-Anglo chairman was a ‘decent and honourable Irishman’
Ardagh Group sees more than 84% take-up of share swap offer
Swap will see group’s stake in Ardagh Metal Packaging fall to about 75% from 82%
Ardagh Group investors opt to swap shares into newly listed drinks cans unit
Exchange offer puts firm on track to see its stake in Ardagh Metal Packaging fall to 75%
Ardagh legacy investors eye slice of €252m special dividend
Dividend to be paid next month as company is delisted from New York Stock Exchange
Will Coulson pop the tab for his Ardagh disciples after drink cans unit flotation?
AMP’s stock market listing managed to avoid recent vagaries in IPO market
Ardagh Metal shares rise after SPAC merger
Shares edged higher as they began trading after merger with New York-listed cash shell
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