Ball Corporation announced the pricing of an underwritten public offering of €850 million aggregate principal amount of 4.250% Senior Notes due 2032 on May 12, 2025. The aggregate principal amount was increased to €850 million from the previously announced €750 million.
The offering is expected to close on May 19, 2025, subject to customary closing conditions. Ball intends to use the net proceeds, along with cash on hand, for general corporate purposes, including debt refinancing or repayment, potential strategic investments, working capital, pension contributions, or capital expenditures.
Prior to the application of these proceeds, Ball plans to repay outstanding borrowings under its U.S. dollar revolver. This debt issuance strengthens the company's financial flexibility and supports its strategic capital allocation priorities.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.