Ball announces public offering of senior notes

Ball Corporation announced on Wednesday that it has commenced an underwritten public offering of $750 million aggregate principal amount of senior notes due 2028.

The exact amount, terms and timing of the offering will depend upon market conditions and other factors.

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 a reduction in commitment. 

The exact allocation of such proceeds and the timing thereof is at the discretion of Ball’s management.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 is making the offer under a shelf registration statement previously declared effective by the Securities and Exchange Commission. 

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