Business
Ball Corporation Announces Upsize and Pricing of €850 Million of Euro-Denominated Senior Notes
Ball Corporation ("Ball") (NYSE: BALL) announced today that it priced an underwritten public offering of €850 million aggregate principal amount of 4.250% Senior Notes due 2032 (the "Notes"). The aggregate principal amount of the Notes to be issued in the offering was increased to €850 million from the previously announced €750 million. The offering is expected to close on May 19, 2025, subject to the satisfaction of customary closing conditions.
About this update from Ball Corporation
[{"type":"text","content":"WESTMINSTER, Colo., May 12, 2025 /PRNewswire/ -- Ball Corporation ("Ball") (NYSE: BALL) announced today that it priced an underwritten public offering of €850 million aggregate principal amount of 4.250% Senior Notes due 2032 (the "Notes"). The aggregate principal amount of the Notes to be issued in the offering was increased to €850 million from the previously announced €750 million. The offering is expected to close on May 19, 2025, subject to the satisfaction of customary closing conditions.","length":519,"tagName":"p"},{"type":"text","content":"Ball intends to use the net proceeds from the offering, together with cash on hand, for general corporate purposes, which may include the refinancing or repayment of debt, potential investments in strategic alliances and acquisitions, working capital, pension contributions or capital expenditures. Prior to the application of such proceeds, Ball intends to repay outstanding borrowings under its U.S. dollar revolver, without a reduction in commitment, using a portion of the net proceeds from the offering, together with cash on hand. The exact allocation of such proceeds and the timing thereof is at the discretion of Ball's management.","length":644,"tagName":"p"},{"type":"text","content":"BNP PARIBAS, Deutsche Bank Securities Inc., Crédit Agricole Corporate and Investment Bank and UniCredit Bank GmbH are acting as global coordinators and joint book-running managers of the offering of the Notes.","length":209,"tagName":"p"},{"type":"text","content":"Ball is making the offer pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The offering of the Notes will be made solely by means of a prospectus supplement and accompany prospectus. Copies of the prospectus supplement and accompany prospectus relating to the offering may be obtained from BNP PARIBAS, 16 boulevard des Italiens, 75009 Paris, France, Attention: Fixed Income Syndicate, Phone: 1-800-854-5674, Deutsche Bank Securities Inc., Attn: Prospectus Group, 1 Columbus Circle New York, New York 10019, Email: [email protected], Crédit Agricole Corporate and Investment Bank, Attention: Leveraged Syndicate, Phone: 1-212-261-3849, or UniCredit Bank GmbH, Piazza Gae Aulenti, 4 - UniCredit Tower C, 20154 Milano, Italy, Attention: Non-Investmen...