Ball Corporation announced that it priced an underwritten public offering of $750 million aggregate principal amount of 6.875% Senior Notes due 2028. The offering is expected to close on November 25, 2022.
Precisely, Ball intends to use the net proceeds from the offering to repay approximately $528million in principal amount of its outstanding 4.375% Euro-denominated Senior Notes, plus any premium and accrued and unpaid interest, on or before their maturity in December 2023 and approximately $200million in outstanding borrowings under its U.S. dollar revolving credit facility. without reduction of the commitment.
BofA Securities, Inc., Citigroup Global Markets Inc., Deutsche Bank Securities Inc. and Goldman Sachs & Co. LLC are acting as global coordinators and joint book-running managers of the offering of the Notes.
Ball Corporation supplies innovative and sustainable aluminum packaging solutions for beverage, personal care and household products customers, as well as aerospace and other technologies and services, primarily to the U.S. government. Ball Corporation and its subsidiaries employ 24,300 people worldwide and reported 2021 net sales of $13.8 billion.
DERON GOODWIN NEW VICE PRESIDENT AND TREASURER OF BALL CORPORATION
BALL CORPORATION ANNOUNCES SECOND QUARTER LOSS
BALL CORPORATION RECOMMENDS REJECTION OF BELOW-MARKET MINI PUBLIC OFFERING BY TRC CAPITAL CORPORATION
BALL ANNOUNCES AN ACCELERATED SHARE REPURCHASE FOR US$300 MILLION
BALL CORPORATION AND NOVELIS INCREASE RECYCLED CONTENT OF BALL ALUMINUM CUP TO 90%.
Ball Corporation with new senior management leaders
