Ball (US:BALL) Prnewswireยท2024-02-28 15:57Core Viewpoint - Ball Corporation announced cash tender offers for its outstanding senior notes, aiming to purchase $1 billion of 5.25% Senior Notes due 2025 and $750 million of 4.875% Senior Notes due 2026 [1][3] Summary by Relevant Sections Tender Offers - The tender offers are for the 5.25% Senior Notes due 2025 and the 4.875% Senior Notes due 2026, collectively referred to as the "Notes" [1] - The offers will expire at 5:00 p.m. New York City Time on March 14, 2024, unless extended or terminated earlier [4] Pricing Terms - For the 5.25% Senior Notes due 2025, the total consideration is $1,000.00 per $1,000 principal amount, with an early tender premium of $30 [2] - For the 4.875% Senior Notes due 2026, the total consideration is $990.38 per $1,000 principal amount, with an early tender premium of $30 [2] Payment and Settlement - Payment for the notes accepted for purchase will be made promptly following the expiration time, anticipated to be March 15, 2024 [7] - An early settlement date is anticipated for February 29, 2024, for notes tendered before the early tender time [7] Conditions and Withdrawal - The tender offers are contingent upon the satisfaction of certain conditions, and Ball may delay or terminate the offers if conditions are not met [8] - Holders can withdraw their tendered notes prior to the withdrawal deadline of 5:00 p.m. on February 28, 2024 [4] Use of Proceeds - The funds for the total consideration and accrued interest will be sourced from the net cash proceeds of the sale of Ball's aerospace business [6]