The Brink

Creditors Cough Up $300 Million to End Ardagh Saga

Arini, Canyon among funds that will take control of the company from Irish tycoon Paul Coulson

Ardagh Group Chairman Paul Coulson, left, is applauded as he rings a ceremonial bell to mark the IPO of his company, on the floor of the New York Stock Exchange, Wednesday, March 15, 2017. (AP Photo/Richard Drew)Photographer: Richard Drew/AP

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By Constantine Courcoulas, Giulia Morpurgo, and Jill R Shah

July 29, 2025 at 3:34 PM UTC

This article is for subscribers only.

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.

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.