Sentences with phrase «ipo paid down some of its debts»
Not exact matches
Ardagh, which has been manufacturing Dutch brewer Heineken's (HEIO.AS) iconic green beer bottles for over 25 years and also counts L'Oreal and Coca - Cola among its clients, has said it will use the proceeds of the IPO to pay down debt which stood at $ 7.2 billion or over five times its annual earnings last year.
https://www.reuters.com/
The primary motive of the IPO was to access capital and pay down debt.