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Ball Closes Sale of 41% Interest in Saudi Arabia Joint Venture; Retains 10% Ownership Stake
Prnewswire· 2025-08-27 20:30
Group 1 - Ball Corporation has completed the sale of 41% of its 51% ownership interest in Ball United Arab Can Manufacturing Company to ORG Technology Co., Ltd. for approximately USD $70 million [1] - The transaction enhances the relationship with ORG and combines Ball's global can innovation with ORG's regional manufacturing capabilities [1] - Following the sale, Ball retains a 10% ownership interest in UAC and has deconsolidated the joint venture [1] Group 2 - The CEO of Ball Corporation emphasized the focus on a disciplined, returns-oriented portfolio and the importance of maintaining a strategic minority position for flexibility in investments [2] - The collaboration with ORG aims to better serve customers in Saudi Arabia and the broader Middle East [2] - Ball Corporation reported net sales of $11.80 billion for 2024, excluding the divested aerospace business [3]
Ball Corporation Announces Pricing of $750 Million of Senior Notes
Prnewswire· 2025-08-07 19:32
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].
Board Declares Quarterly Dividend and Elects New Officer
Prnewswire· 2025-07-30 20:30
Group 1 - Ball Corporation's board declared a cash dividend of 20 cents per share, payable on September 16, 2025, to shareholders of record as of September 2, 2025 [1] - Edmund "Ted" Doering has been elected as the new Chief Information Officer (CIO) of Ball Corporation, succeeding Brian Gabbard, who will retire at the end of September [2] - Ted Doering brings over 30 years of global IT leadership experience, previously serving as executive vice president and CIO at Berry Global, and has expertise in value creation and enterprise risk management [2] Group 2 - Ball Corporation will announce its second quarter 2025 earnings on August 5, 2025, before trading begins on the New York Stock Exchange [3] - A quarterly conference call will be held at 9 a.m. Mountain Time on the same day to discuss the company's results and performance [3] - A replay and transcript of the conference call will be available within 48 hours on Ball's website [4] Group 3 - Ball Corporation specializes in innovative and sustainable aluminum packaging solutions for various sectors, employing 16,000 people globally [4] - The company reported net sales of $11.80 billion for 2024, excluding the divested aerospace business [4]
Ball to Announce First Quarter Earnings on May 6, 2025
Prnewswire· 2025-04-08 20:30
Group 1 - Ball Corporation will announce its first quarter 2025 earnings on May 6, 2025, before trading begins on the New York Stock Exchange [1] - A quarterly conference call will be held at 9 a.m. Mountain Time (11 a.m. Eastern Time) on the same day to discuss the company's results and performance [1] - North American callers can participate in the live Q&A session by calling 877-497-9071, while international callers should use +1 201-689-8727 [1] Group 2 - For those unable to attend the live call, a taped replay and transcript will be available within 48 hours on Ball's website under "Financial Results" [2] - Ball Corporation reported net sales of $11.80 billion for 2024, excluding the divested aerospace business [2] - The company employs 16,000 people worldwide and provides innovative, sustainable aluminum packaging solutions for various sectors [2]