A market participant has asked whether a restructuring credit event has occurred with reference to Ardagh Packaging Finance Plc, according to a statement on the CDDC website, after the company announced the results of its consent solicitation on Tuesday.
- Market participant cites evidence including Nov. 4 press release, which noted levels of consent across different bonds achieved
- The question is still pending consent from the determinations committee
- NOTE: Earlier Wednesday, the CDDC withdrew an earlier question from
external review to allow the consideration of later questions which include further information published by Ardagh- NOTE:
CDS Panel Calls For External Help ...
- NOTE: