Ball Corporation Announces Pricing of $750 Million of Senior Notes

Core Viewpoint - Ball Corporation has announced a public offering of $750 million in Senior Notes with a 5.500% interest rate, maturing in 2033, expected to close on August 14, 2025, pending customary closing conditions [1]. Group 1: Offering Details - The offering consists of $750 million aggregate principal amount of Senior Notes due 2033 [1]. - The offering is being managed by BofA Securities, Goldman Sachs, Citigroup, and Morgan Stanley as global coordinators and joint book-running managers [3]. Group 2: Use of Proceeds - Ball intends to use the net proceeds for general corporate purposes, which may include refinancing or repaying debt [2]. - Specifically, a portion of the proceeds will be used to repay outstanding borrowings under its U.S. dollar and multi-currency revolving credit facilities [2]. Group 3: Company Overview - Ball Corporation specializes in providing innovative and sustainable aluminum packaging solutions for various sectors, including beverage and personal care [6]. - The company employs 16,000 people globally and reported net sales of $11.80 billion for 2024, excluding its divested aerospace business [6].