Ball Corporation Prices $750 Million Senior Notes Due 2033

Ball Corporation has priced $750 million of 5.500% Senior Notes due 2033, with closing expected on August 14, 2025. Proceeds will support corporate purposes including debt repayment.

PACKAGING

Trade Time News

8/8/20251 min read

Ball Corporation Headquarters – Photo taken by BCEW2024 on June 27, 2024, at 12:37 PM. Licensed unde
Ball Corporation Headquarters – Photo taken by BCEW2024 on June 27, 2024, at 12:37 PM. Licensed unde

Ball Corporation Senior Notes have been priced at $750 million aggregate principal amount with an interest rate of 5.500% and a maturity date in 2033. The public offering is scheduled to close on August 14, 2025, subject to the completion of customary closing requirements.

The company will apply the net proceeds to general corporate purposes. These may include refinancing or repayment of debt. Before allocating the funds, Ball plans to repay borrowings under its U.S. dollar and multi-currency revolving credit facilities, without reducing commitments. The repayment will be funded by part of the proceeds and existing cash reserves. Final allocation and timing will be determined by company management.

BofA Securities, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc. and Morgan Stanley & Co. LLC are acting as global coordinators and joint book-running managers for the transaction.

The Ball Corporation Senior Notes are being offered under an effective shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission. The sale is being conducted solely through a prospectus supplement and accompanying prospectus, which are available from the underwriters.

Ball Corporation supplies sustainable aluminum packaging solutions to beverage, personal care and household product customers worldwide. The company employs 16,000 people and reported net sales of $11.80 billion in 2024, excluding its former aerospace business.

With the implementation of the offer from Seniorn notes from Ball Corporation, the company goes forward to strengthen the capital status, manage debt obligations and maintain operational flexibility in its global packaging tasks.