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Ball Corporation Prices $1B Senior Notes Offering

Published 09-05-2023, 02:22 am

Ball Corporation ("Ball") (NYSE:BALL) announced today that it priced an underwritten public offering of $1.00 billion aggregate principal amount of 6.000% Senior Notes due 2029 (the "Notes"). The offering is expected to close on May 11, 2023, subject to customary closing conditions.

Ball intends to use the net proceeds from the offering to repay $800 million in outstanding borrowings under its U.S. dollar revolving credit facility, without a reduction in commitment, with the remainder to be used for general corporate purposes, which may include the refinancing or repayment of debt (including its outstanding 4.00% Senior Notes due November 2023 on or before their date of maturity). The exact allocation of such proceeds and the timing thereof is at the discretion of Ball's management.

Citigroup Global Markets Inc., Goldman Sachs & Co. LLC, Mizuho Securities USA LLC and SMBC Nikko Securities America, Inc. 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. The offering of the Notes is being made solely by means of a prospectus and prospectus supplement, a copy of which may be obtained, when available, from Citigroup Global Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-800-831-9146, e-mail: CorporatePDM@broadridge.com, Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, New York 10282, email: prospectus-ny@ny.email.gs.com, phone: 1-866-471-2526, Mizuho Securities USA LLC, Attn: Debt Capital Markets, 1271 Avenue of the Americas, New York, New York 10020, telephone: 1-866-271-7403 or SMBC Nikko Securities America, Inc., 277 Park Avenue, New York, New York 10172, Attn: Debt Capital Markets, e-mail: prospectus@smbcnikko-si.com.

This announcement is for informational purposes only and does not constitute an offer to sell or a solicitation of an offer to purchase any securities. No offer, solicitation or sale will be made in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

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