#United States #Westminster #financing #Ball Corporation #Euro-Denominated Senior Notes

Ball Corporation Upsizes and Prices Senior Notes Offering

In a significant move for its financial strategy, Ball Corporation, listed on the NYSE under the ticker symbol BALL, announced the successful pricing of a public offering, which now amounts to a substantial €850 million in 4.250% Senior Notes maturing in 2032. This figure marks an increase from the previously projected €750 million, reflecting the company's robust market confidence and investor interest.

The offering is anticipated to close on May 19, 2025, pending the satisfying of traditional closing conditions. Following the close of the offering, Ball Corporation plans to allocate the net proceeds for a variety of purposes crucial for its operational agility. These uses may include refinancing debt, enhancing working capital, supporting strategic alliances, undertaking acquisitions, making pension contributions, and funding capital expenditures. Before applying these proceeds, the company intends to utilize a portion to repay existing borrowings from its U.S. dollar revolving credit facility, ensuring that its financial obligations are managed effectively.

Prominent global financial institutions, including BNP Paribas, Deutsche Bank Securities Inc., Crédit Agricole Corporate and Investment Bank, and UniCredit Bank GmbH, are serving in the capacity of global coordinators and joint book-running managers for these notes. This collaborative effort has positioned the offering favorably within the investor community, which emphasizes the need for sustainable and strategic financial maneuvers in today's market landscape.

The notes offering comes under a registration statement on Form S-3 that has already been sanctioned by the Securities and Exchange Commission (SEC), with details available through designated prospectus channels. Interested investors can request copies of the prospectus supplement directly from the aforementioned banks involved in the offering, facilitating a transparent and efficient process for potential investors.

About Ball Corporation

Ball Corporation is recognized for its innovative contributions to the aluminum packaging landscape, catering to sectors including beverage, personal care, and household products. Headquartered in Westminster, Colorado, Ball employs approximately 16,000 individuals around the globe and reported a net sales figure of $11.80 billion in 2024, thereby establishing itself as a significant player in operational sustainability.

With the issuance of these notes, Ball Corporation underscores its commitment to enhancing operational flexibility while addressing key corporate objectives and responding to market demands. The financial instruments that comprise this offering reflect strategic foresight and align with the company's commitment to advancing both its financial standing and corporate goals.

Forward-Looking Statements

While Ball Corporation has laid out its financial intentions through this offering, the company advises cautious interpretation of forward-looking statements related to expected outcomes. Such statements hinge on current expectations, which are inherently subject to variability based on market dynamics and corporate performance metrics. Stakeholders and potential investors should consider these factors carefully, reviewing comprehensive filings with the SEC for an in-depth analysis of risks and uncertainties.

In conclusion, the upsized €850 million offering of Senior Notes positions Ball Corporation to capitalize on future growth opportunities while providing a solid foundation for managing ongoing and forthcoming financial obligations.