Ardagh Metal (AMBP) Rebounds as Firm Slashes $4.3-Billion Debt

We recently published These 10 Stocks are Winning Big. Ardagh Metal Packaging SA (NYSE:AMBP) is one of the best-performing stocks on Monday.

Ardagh Metal bounced back from two days of losses on Monday, jumping 6.38 percent to close at $4 apiece as investors cheered a massive recapitalization program that will see the company being taken over by new major shareholders.

In a statement, Ardagh Metal Packaging SA (NYSE:AMBP) said that the transaction involves a debt-to-equity conversion of some $4.3 billion in obligations to creditors of its existing senior unsecured notes (SUN) and senior secured toggle (PIK) notes.

Effectively, SUN creditors will become the majority shareholders of the group, receiving 92.5 percent of equity, while the remaining 7.5 percent will represent the PIK holders.

The transaction also involves a provision for $1.5 billion in new capital and extension of existing bond maturities, among others.

Ardagh Metal (AMBP) Rebounds as Firm Slashes $4.3-Billion Debt

Pixabay/Public Domain

Ardagh Metal Packaging SA (NYSE:AMBP) said that the transaction is expected to effectively reduce its debt burden.

Ardagh Metal Packaging SA (NYSE:AMBP) said it expects to complete the transaction by September 30, 2025, subject to regulatory approvals and other customary conditions.

While we acknowledge the risk and potential of AMBP as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMBP and that has 10,000% upside potential, check out our report about this cheapest AI stock.