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    SEC Form SC 13G/A filed by Ardagh Group S.A. (Amendment)

    10/13/21 5:12:56 PM ET
    $ARD
    Containers/Packaging
    Consumer Durables
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    SC 13G/A 1 arda5_101321.htm CANYON CAPITAL ADVISORS LLC arda5_101321.htm
    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    Washington, D.C. 20549
    SCHEDULE 13G
    Under the Securities Exchange Act of 1934
    (Amendment No. 5)*
    Ardagh Group SA
    (Name of Issuer)
    Common Stock
    (Title of Class of Securities)
    L0223L101
    (CUSIP Number)
    October 06, 2021
    (Date of Event which Requires Filing of this Statement)
    Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
    [X] Rule 13d-1(b)
    [   ] Rule 13d-1(c)
    [   ] Rule 13d-1(d)
    * The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
    The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see Instructions).
    CUSIP No.: L0223L101
           
    1
    NAME OF REPORTING PERSON
    Canyon Capital Advisors LLC
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
    95-4688436
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) [X]
    (b) [   ]
    3 SEC USE ONLY
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
    Delaware
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5
    SOLE VOTING POWER
    0
    6
    SHARED VOTING POWER
    7
    SOLE DISPOSITIVE POWER
    0
    8
    SHARED DISPOSITIVE POWER
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    0
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    [   ]
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    0.00%
    12
    TYPE OF REPORTING PERSON
    IA
    CUSIP No.: L0223L101
           
    1
    NAME OF REPORTING PERSON
    Joshua S. Friedman
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) [X]
    (b) [   ]
    3 SEC USE ONLY
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
    United States
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5
    SOLE VOTING POWER
    6
    SHARED VOTING POWER
    0
    7
    SOLE DISPOSITIVE POWER
    8
    SHARED DISPOSITIVE POWER
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    0
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    [   ]
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    0.00%
    12
    TYPE OF REPORTING PERSON
    IN
    CUSIP No.: L0223L101
           
    1
    NAME OF REPORTING PERSON
    Mitchell R. Julis
    I.R.S. IDENTIFICATION NO. OF ABOVE PERSON (ENTITIES ONLY)
    2
    CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
    (a) [X]
    (b) [   ]
    3 SEC USE ONLY
    4
    CITIZENSHIP OR PLACE OF ORGANIZATION
    United States
    NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5
    SOLE VOTING POWER
    6
    SHARED VOTING POWER
    0
    7
    SOLE DISPOSITIVE POWER
    8
    SHARED DISPOSITIVE POWER
    0
    9
    AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
    0
    10
    CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
    [   ]
    11
    PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
    0.00%
    12
    TYPE OF REPORTING PERSON
    IN
    CUSIP No.: L0223L101
    ITEM 1(a). NAME OF ISSUER:
    Ardagh Group SA
    ITEM 1(b). ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
    56, Rue Charles Martel
    2134 Luxembourg
    Luxembourg
    ITEM 2(a). NAME OF PERSON FILING:
    This Schedule 13G is being filed on behalf of the following persons*:
    Canyon Capital Advisors LLC ("CCA")
    Joshua S. Friedman
    Mitchell R. Julis

    CCA is the investment advisor, direct or indirect, to the following persons:
    (i) Canyon Value Realization Fund, L.P. ("VRF")
    (ii) The Canyon Value Realization Master Fund (Cayman), L.P. ("CVRF")
    (iii) Canyon Value Realization Fund MAC 18, Ltd. ("CVRFM")
    (iv) Canyon Balanced Master Fund, Ltd. ("CBEF")
    (v) Canyon-GRF Master Fund II, L.P. ("GRF2")
    (vi) EP Canyon Ltd. ("PERMIO")
    (vii) Canyon Distressed Opportunity Master Fund II, L.P. ("CDOF2016")
    (viii) Canyon NZ-DOF Investing, L.P. ("NZ-TRADING")
    (ix) Canyon-EDOF (Master) L.P. ("EDOF")

    * Attached as Exhibit A is a copy of an agreement among the persons filing (as specified hereinabove) that this Schedule 13G is being filed on behalf of each of them.
    ITEM 2(b). ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:
    The principal business office of the persons comprising the group filing this Schedule 13G is located at
    2000 Avenue of the Stars, 11th Floor,
    Los Angeles, CA 90067
    ITEM 2(c). CITIZENSHIP:
    Canyon Capital Advisors LLC - Delaware
    Joshua S. Friedman - United States
    Mitchell R. Julis - United States

    VRF: a Delaware limited partnership
    CVRF: a Cayman Islands exempted limited partnership
    CVRFM: a Cayman Islands corporation
    CBEF: a Cayman Islands corporation
    GRF2: a Cayman Islands exempted limited partnership
    PERMIO: a British Virgin Islands Company
    CDOF2016: a Cayman Islands exempted limited partnership
    NZ-TRADING: a Delaware limited partnership
    EDOF: a Cayman Islands exempted limited partnership
    ITEM 2(d). TITLE OF CLASS OF SECURITIES:
    Common Stock
    ITEM 2(e). CUSIP NUMBER:
    L0223L101
    ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO SECTION 240.13d-1(b), or 13d-2(b) or (c) CHECK WHETHER THE PERSON FILING IS A:
    (a)
    [ ]
    Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78c);
    (b)
    [ ]
    Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c);
    (c)
    [ ]
    Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c);
    (d)
    [ ]
    Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
    (e)
    [X]
    An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
    (f)
    [ ]
    An employee benefit plan or endowment fund in accordance with 240.13d-1(b)(1)(ii)(F);
    (g)
    [ ]
    A parent holding company or control person in accordance with 240.13d-1(b)(1)(ii)(G);
    (h)
    [ ]
    A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
    (i)
    [ ]
    A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
    (j)
    [ ]
    A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);
    (k)
    [ ]
    Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d1(b)(1)(ii)(J), please specify the type of institution:
    ITEM 4. OWNERSHIP
    (a) Amount beneficially owned:
    0
    (b) Percent of class:
    0.00%
    (c) Number of shares as to which the person has:
    (i) sole power to vote or to direct the vote:
    0
    (ii) shared power to vote or to direct the vote:
    0
    (iii) sole power to dispose or direct the disposition of:
    0
    (iv) shared power to dispose or to direct the disposition of:
    0
    ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
    If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [X].
    ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON:
    CCA is an investment advisor to various managed accounts, including VRF, CVRF, CVRFM, CBEF, GRF2, PERMIO, CDOF2016, NZ-TRADING and EDOF, with the right to receive, or the power to direct the receipt, of dividends from, or the proceeds from the sale of the securities held by, such managed accounts. Messrs. Friedman and Julis control entities which own 100% of CCA.
    ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:
    Not Applicable.
    ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:
    Not Applicable.
    ITEM 9. NOTICE OF DISSOLUTION OF GROUP:
    Not Applicable.
    ITEM 10. CERTIFICATION:
    By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
    CUSIP No.: L0223L101
    SIGNATURE
    After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
    October 13 2021
    Canyon Capital Advisors LLC
    By:
    /s/ Doug Anderson
    Name:
    Doug Anderson
    Title:
    Chief Compliance Officer
    October 13 2021
    Joshua S. Friedman
    By:
    /s/ Joshua S. Friedman
    Name:
    Joshua S. Friedman
    Title:
    October 13 2021
    Mitchell R. Julis
    By:
    /s/ Mitchell R. Julis
    Name:
    Mitchell R. Julis
    Title:
    Attention — Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001).
    CUSIP No.: L0223L101
    EXHIBIT A

    AGREEMENT REGARDING JOINT FILING

    The undersigned hereby agree and consent to the joint filing on their behalf of this amendment to Schedule 13G in connection with their beneficial ownership of the common stock of Ardagh Group SA.
    Dated: October 13, 2021.

    CANYON CAPITAL ADVISORS LLC,
    a Delaware limited liability company

    By: /s/ Doug Anderson
    Name: Doug Anderson
    Title: Chief Compliance Officer

    JOSHUA S. FRIEDMAN
    /s/ Joshua S. Friedman

    MITCHELL R. JULIS
    /s/ Mitchell R. Julis







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