Ardagh Group - comment

If the Trivium sale is done via an auction, it will probably be a few weeks away. However, the disposal should happen by 25Q1 and will provide Ardagh with the cash it needs to fund the restructuring of its debt. Despite the Cooperation Agreements currently in place between classes of bondholders, we expect the SUNs will bear the brunt of the losses as SSN holders protect themselves.   

https://www.msn.com/en-us/money/companies/trivium-owners-weigh-sale-of-us-packaging-company/ar-AA1n5k36?ocid=BingNewsVerp&apiversion=v2&noservercache=1&domshim=1&renderwebcomponents=1&wcseo=1&batchservertelemetry=1&noservertelemetry=1