Business News

Ball Corporation Announces Public Offering of Senior Notes

Monday 15. November 2010 - Ball Corporation (NYSE: BLL) announced today that it expects to commence a public offering of approximately $400 million in aggregate principal amount of senior notes due in 2021.

The exact terms and timing of the offering will depend upon market conditions and other factors. Ball intends to use the net proceeds from the offering to repay the borrowings under its $300 million secured term loan facility and for general corporate purposes, which may include potential acquisitions, the repayment of debt, working capital or share repurchases.
BofA Merrill Lynch; Goldman, Sachs & Co.; Deutsche Bank Securities; J.P. Morgan; and Barclays Capital are acting as joint book-running managers of the offering.
Ball is making the offer under a shelf registration statement previously declared effective by the U.S. Securities and Exchange Commission. This offering will be made solely by means of a prospectus and prospectus supplement, a copy of which may be obtained on the SEC website at www.sec.gov. Alternatively, Ball, any underwriter or any dealer participating in the offering will arrange to send you the prospectus if you request it by calling 1-800-294-1322.
This announcement is neither an offer to sell nor a solicitation of an offer to buy any securities and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.