WESTMINSTER, Colo.,
Sept. 9, 2021 /PRNewswire/
-- Ball Corporation (NYSE: BLL) announced today that it
priced an underwritten public offering of $850 million in aggregate principal amount of
3.125% Senior Notes due 2031 (the "Notes"). The offering is
expected to close on September 14,
2021, subject to customary closing conditions and other
factors.
Ball Corporation ("Ball") intends to use the net proceeds from
this offering of the Notes, together with cash on hand, to redeem
its 5.00% Senior Notes due March
2022, with any remaining net proceeds intended to be used
for general corporate purposes.
Deutsche Bank Securities Inc., BofA Securities, Inc., Citigroup
Global Markets Inc. and Goldman Sachs & Co. LLC are acting as
global coordinators and joint book-running managers of this
offering of the Notes.
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 from Deutsche Bank Securities Inc., Attn.: Prospectus
Group, 60 Wall Street, New York, New
York 10005-2836, email: prospectus-CPDB@db.com, telephone:
(800)-503-4611, BofA Securities, Inc., NC1-004-03-43, 200 North
College Street, 3rd floor, Charlotte
NC 28255-0001, Attn: Prospectus Department, or by email at
dg.prospectus_requests@bofa.com, Citigroup Global Markets Inc., c/o
Broadridge Financial Solutions, 1155 Long Island Avenue,
Edgewood, New York 11717,
telephone: 1-800-831-9146, e-mail: CorporatePDM@broadridge.com or
Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200
West Street, New York, New York
10282, email: prospectus-ny@ny.email.gs.com, phone:
1-866-471-2526.
This announcement is for informational purposes only and does
not constitute an offer to sell or a solicitation of an offer to
purchase any securities. No offer, solicitation or sale will be
made in any jurisdiction in which such an offer, solicitation or
sale would be unlawful.
About Ball Corporation
Ball Corporation supplies innovative, sustainable aluminum
packaging solutions for beverage, personal care and household
products customers, as well as aerospace and other technologies and
services primarily for the U.S. government. Ball Corporation and
its subsidiaries employ 21,500 people worldwide and reported 2020
net sales of $11.8 billion.
Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates," "believes," 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 any such statements should be read
in conjunction with, and qualified in their entirety by, the
cautionary statements referenced below. The Company 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 our Form 10-K, which are available on our website and
at www.sec.gov. Additional factors that might affect: a) our
packaging segments include product capacity, supply and demand
constraints and fluctuations and changes in consumption patterns;
availability/cost of raw materials, equipment and logistics;
competitive packaging, pricing and substitution; changes in climate
and weather; footprint adjustments and other manufacturing changes,
including the startup of new facilities and lines; failure to
achieve productivity improvements or cost reductions; unfavorable
mandatory deposit or packaging laws; customer and supplier
consolidation; power and supply chain interruptions; changes in
major customer or supplier contracts or loss of a major customer or
supplier; political instability and sanctions; currency controls;
changes in foreign exchange or tax rates; and tariffs, trade
actions, or other governmental actions, including business
restrictions and shelter-in-place orders in any country or
jurisdiction affecting goods produced by us or in our supply chain,
including imported raw materials; b) our aerospace segment include
funding, authorization, availability and returns of government and
commercial contracts; delays, extensions and technical
uncertainties affecting segment contracts; and supply chain
interruptions; c) the Company as a whole include those listed above
plus: the extent to which sustainability-related opportunities
arise and can be capitalized upon; changes in senior management,
succession, and the ability to attract and retain skilled labor;
regulatory actions or issues including those related to tax, ESG
reporting, competition, environmental, health and workplace safety,
including U.S. FDA and other actions or public concerns affecting
products filled in our containers, or chemicals or substances used
in raw materials or in the manufacturing process; technological
developments and innovations; the ability to manage cyber threats;
litigation; strikes; disease; pandemic; labor cost changes; rates
of return on assets of the Company's defined benefit retirement
plans; pension changes; uncertainties surrounding geopolitical
events and governmental policies both in the U.S. and in other
countries, including policies, orders and actions related to
COVID-19; reduced cash flow; interest rates affecting our debt; and
successful or unsuccessful joint ventures, acquisitions and
divestitures, and their effects on our operating results and
business generally.
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SOURCE Ball Corporation