LUXEMBOURG, Dec. 8, 2017 /PRNewswire/ -- Ardagh Group S.A. ('Ardagh" or the 'Group') announces that it has successfully closed on a committed five-year asset-based revolving credit facility of US$850 million with a consortium of leading banks. The new facility, secured by trade receivables and inventories, replaces existing facilities of EUR150 million and US$200 million respectively and reflects the Group's increased scale following the beverage can acquisition in 2016. It will provide funding for working capital and general corporate purposes. Closing of this committed five-year facility further diversifies Ardagh's funding sources and enhances its capital structure, following significant refinancing activity earlier this year to materially extend debt maturities and reduce financing costs.