Page 18 - Glass Machinery Plants & Accessories no. 2/2017

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ARDAGH USD 307,800,000. DRUJBA GLASSWORKS
In addition, Ardagh has
USD granted the underwriters NET PROFIT IN 2016
1.9 BILLION a 30-day option to
FINANCING
purchase up to an Bulgarian glassware and bottle maker Drujba
Ardagh Group has additional 2,430,000 Glassworks announced recently that it has turned a net
launched a bond offering Class A common shares profit of BGN 16.1 million (USD 8.7 million/EUR 8.2
for a total financing of at the initial public million) in 2016, from a net loss of BGN 9.8 million in
approximately USD 1.9 offering price less the 2015.
billion, through the issue underwriting discount. Sales revenues fell to BGN 249.7 million in 2016, from
of USD 700 million The shares trade on BGN 263.8 million a year earlier, Drujba Glassworks
6.000% Senior Notes due the New York Stock said in its annual financial report, filed with the Sofia
2025, representing an Exchange under the bourse.
add-on to the USD 1,000 symbol “ARD”. Production costs dropped to BGN 189.6 million, from
million 6.000% Senior Citigroup, Deutsche Bank BGN 206.3 million in 2015.
Notes due 2025 issued Securities, Goldman Other costs fell sharply to BGN 7.1 million in 2016,
on 30 January 2017, Sachs & Co, Barclays, compared to BGN 24 million a year earlier.
USD 700 million Senior Credit Suisse and J.P. Last year, Greek glassware and bottle maker Yioula sold
Secured Notes due 2022 Morgan are acting as joint substantially all of its glass container business, which
and EUR 500 million book-running managers also included Drujba Glassworks, to Portuguese group
Senior Secured Notes due for the offering. Davy and BA Vidro for an undisclosed sum. In January, BA Vidro
2024, (collectively the Wells Fargo Securities are launched a buyout offer for the remaining 0.76% of
“Notes”). acting as co- managers Drujba Glassworks it does not already own.
The proceeds from the for the offering. Drujba Glassworks has two production units - in Sofia
issuance of the Notes, net The offering is being and in Bulgaria’s second-largest city of Plovdiv, in the
of expenses, will be used made only by means of south of the country.
to redeem in full the USD a prospectus. A copy
415 million 6.750% Senior of the final prospectus
Notes due 2021, per the related to the offering HORN GLASS
call schedule, redeem in may be obtained from
full the USD 265 million Citigroup, c/o Broadridge NEW ORDER FOR END
First Priority Senior Financial Solutions, 1155
Secured Floating Rate Long Island Avenue, FIRED FURNACE
Notes due 2019, per the Edgewood, NY 11717,
call schedule, repay in full by telephone at 800-831- IN THAILAND
the USD 663 million Term 9146.
Loan B Facility, redeem A registration statement Horn Glass Industries AG has
EUR 500 million of the relating to the offering recently received its latest order from
4.250% First Priority has been filed with, the Osotspa Group, Siam Glass Plant
Senior Secured Notes and declared effective in Thailand for the rebuild of a 250 tonnes per day - end
due 2022 with a make- by, the United States fired furnace with three production lines.
whole call and pay accrued Securities and Exchange Siam Glass Industries was established in 1977 and
interest and applicable Commission. This produces narrow and wide-necked bottles in flint and
redemption premia. press release does not amber color.
constitute an offer to The current furnace rebuild is the AY 102 furnace in the
PRICING sell or a solicitation of Ayutthaya factory, located in Ayutthaya Province. The
OF INITIAL an offer to buy, nor will total plant production capacity is approximately 600 tpd.
PUBLIC there be any sale of these The main focus of the design for the new end port
OFFERING
securities in any state furnace is low energy consumption, glass quality and low
Ardagh Group S.A. or jurisdiction in which environmental emissions. The Glass conditioning will
announced the pricing of such offer, solicitation, be specially designed and equipped for modern NNPB
its initial public offering or sale would be unlawful lightweight production.
of 16,200,000 Class A before registration or The furnace will produce 250 tonnes of amber bottles
common shares at a price qualification under the for energy drinks per day.
of USD 19.00 per share, securities laws of that Momentum Recycling opens first bottle-to-bottle glass
for a total offering size of state or jurisdiction. recycling plant in Colorado

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