#United States #Senior Notes #Westminster #Ball Corporation #Euro Notes

Ball Corporation Initiates €750 Million Public Offering of Senior Notes

On May 12, 2025, Ball Corporation, a leading innovator in aluminum packaging solutions, announced the commencement of an underwritten public offering, seeking to raise a total of €750 million through senior notes maturing in 2032. This strategic move is part of Ball's ongoing efforts to enhance its capital structure and support its commitment to sustainable growth.

Purpose of the Offering

The funds raised from this offering are intended to be utilized for various corporate purposes. These may include refinancing or repayment of existing debt, making strategic investments, and fulfilling corporate operational needs. Specifically, Ball aims to repay outstanding borrowings under its U.S. dollar revolving credit facility, leveraging a portion of the proceeds from the notes along with available cash reserves. The precise allocation of proceeds will be guided by Ball's management based on market conditions and evolving corporate needs.

Details of the Offering

The notes, which will be issued under an existing effective shelf registration statement filed with the Securities and Exchange Commission (SEC), are set to be coordinated by BNP PARIBAS, Deutsche Bank Securities Inc., Crédit Agricole Corporate and Investment Bank, and UniCredit Bank GmbH, who will act as global coordinators and joint book-running managers for this offering.

This public offering will be conducted using a prospectus supplement, along with a prospectus that has been filed. Interested investors can access these documents to better understand the terms and conditions of the offering, along with critical investment disclosures.

Market Context and Future Outlook

The decision to issue senior notes reflects Ball Corporation's proactive approach in navigating current market dynamics. With its focus set on long-term growth, the management’s plans will heavily rely on the proceeds to not just manage debt, but potentially seek new avenues for investment in strategic alliances and acquisitions. Additionally, funds may be allocated to bolster working capital and make contributions to pension funds or address capital expenditures, crucial for maintaining operational efficiencies and promoting sustainable business practices.

Ball Corporation, part of the NYSE listed entities under the ticker symbol BALL, reported net sales amounting to $11.80 billion in 2024, excluding its aerospace-related activities. The company has been a recognized leader in providing sustainable packaging solutions, catering broadly to sectors such as beverages, personal care, and household products. This public offering marks a significant step as they aim to fortify their market position and pursue innovative growth strategies.

Cautionary Note

As with any financial endeavor, this offering involves certain risks and uncertainties. Forward-looking statements regarding the timing of the offering and its intended proceeds should be interpreted judiciously, as actual results could diverge from expectations based on market shifts and operational developments.

In compliance with regulatory mandates, this communication does not constitute an offer to sell or a solicitation of offers to purchase these securities, which are open exclusively to qualified investors within applicable jurisdictions. Thus, potential investors are advised to conduct thorough due diligence before engaging with this offering.

This strategic move signifies Ball Corporation's robust outlook towards innovation and sustainable practices, positioning itself favorably for future market developments and growth ambitions.