...July 15, 2019 - Trivium Packaging B.V. is a Netherlands-based metal packaging company created via the combination of Ardagh Group S.A.'s former food and specialty metal packaging operations and Exal Group. - It plans to raise $2.75 billion of senior secured and senior unsecured notes through Trivium Packaging Finance B.V., chiefly to fund a $2.5 billion payment to Ardagh Group and refinance Exal's existing debt. - We are assigning our preliminary 'B+' issuer credit rating to Trivium Packaging B.V. and Trivium Packaging Finance B.V., and our preliminary issue and recovery ratings to the proposed notes. - The stable outlook indicates that we expect Trivium's revenue and EBITDA to increase modestly in the near term, and its S&P Global Ratings-adjusted debt to EBITDA to remain at about 8.0x over the next 12 months. MILAN (S&P Global Ratings) July 15, 2019--S&P Global Ratings today took the rating actions listed above. Our ratings on the group are supported by its leading positions in metal...
