Creditors Cough Up $300 Million to End Ardagh Saga: The Brink

Welcome to The Brink. It’s Constantine Courcoulas and Giulia Morpurgo in London and Jill Shah in New York, where we looked at Irish tycoon Coulson handing over the keys of
Ardagh to creditors for a hefty payout. We also have news on Apollo’s Graanul. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net.

End of the Line

Irish billionaire Paul Coulson’s investment vehicle is getting paid $300 million to hand over the keys to Ardagh Group, underscoring the lengths to which stakeholders were willing to go to end a messy dispute.

The payout ...