1. Ball Corporation announced a $750 million public offering of Senior Notes. 2. Proceeds will be used for refinancing or repaying existing debt. 3. Management will determine the exact allocation and timing of proceeds. 4. Offering is under an effective shelf registration statement. 5. The company reported $11.80 billion in net sales for 2024.
The offering aims to strengthen Ball's balance sheet by refinancing debt, revealing proactive financial management. Historically, similar actions have led to improved market confidence and stock performance.
The announcement directly concerns Ball's debt management strategy, relevant for investor interest and stock stability.
Immediate market reaction is expected as the offering alters investor outlook and liquidity for Ball. Similar offerings have shown a quick impact, often within weeks.
WESTMINSTER, Colo., Aug. 7, 2025 /PRNewswire/ -- Ball Corporation ("Ball") (NYSE:BALL) announced today that it has commenced an underwritten public offering of $750 million aggregate principal amount of Senior Notes due 2033 (the "Notes"). The exact amount, terms and timing of the offering will depend upon market conditions and other factors.
Ball intends to use the net proceeds from the offering for general corporate purposes, which may include the refinancing or repayment of debt. Prior to the application of such proceeds, Ball intends to repay outstanding borrowings under its U.S. dollar and its multi-currency revolving credit facilities, without a reduction in commitment, using a portion of the net proceeds from the offering, together with cash on hand. The exact allocation of such proceeds and the timing thereof is at the discretion of Ball's 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 of the offering of the Notes.
Ball is making the offer pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission. The offering of the Notes is being made solely by means of a prospectus supplement and accompany prospectus. Copies of the preliminary prospectus supplement and accompany prospectus relating to the offering may be obtained via mail from BofA Securities, Inc. at BofA Securities, NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attention: Prospectus Department or by emailing: dg.prospectus_requests@bofa.com; from Goldman Sachs & Co. LLC at Goldman Sachs & Co. LLC, 200 West Street, New York, New York 10282-2198, Attention: Registration Department or by emailing: registration-syndops@ny.email.gs.com; from Citigroup Global Markets Inc. at 1 (800) 831-9146 or by emailing prospectus@citi.com; and from Morgan Stanley & Co. LLC at 180 Varick Street, 2nd Floor New York, NY 10014, Attn: Prospectus Department, by phone at 1 (866) 718-1649 or by emailing prospectus@morganstanley.com.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum packaging solutions for beverage, personal care and household products customers. Ball Corporation employs 16,000 people worldwide and reported 2024 net sales of $11.80 billion, which excludes the divested aerospace business.
Forward-Looking Statements
This release contains "forward-looking" statements concerning future events, including, but not limited to, Ball's ability to consummate the offering and issue the Notes and the intended use of proceeds of the offering. Words such as "intends," "will," "expects" and similar expressions typically identify forward looking statements, which are generally any statements other than statements of historical fact. Such statements are based on current expectations or views of the future and are subject to risks and uncertainties, which could cause actual results or events to differ materially from those expressed or implied. You should therefore not place undue reliance upon any forward-looking statements, and they should be read in conjunction with, and qualified in their entirety by, these cautionary statements. Ball undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. Key factors, risks and uncertainties that could cause actual outcomes and results to be different are summarized in filings with the Securities and Exchange Commission, including Exhibit 99 in Ball's Form 10-K.
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SOURCE Ball Corporation