Ardagh Metal Packaging Announces $4.3B Recapitalization, Leadership Overhaul to Enhance Financial Stability and Position for Growth.

Ardagh Metal Packaging announced a $4.3 billion recapitalization and leadership overhaul, aiming to enhance financial stability and position the company for growth. The debt-for-equity swap, new bond issuance, and board changes are intended to address high net leverage and improve financial flexibility. The appointment of Mark Porto as Executive Chairman and director brings industry expertise and transformation credentials, guiding the company through its capital structure reset. The company's narrative projects $5.8 billion in revenue and $168.5 million in earnings by 2028, with a fair value of $4.30.