Ball to pay down about $800 million of revolver drawings with notes

By Sara Rosenberg

New York, May 8 – Ball Corp. plans to repay about $800 million in outstanding borrowings under its U.S. revolving credit facility, without a reduction in commitment, using proceeds from a $1 billion senior notes offering, according to a market source.

Remaining proceeds from the notes will be used for general corporate purposes, which may include the refinancing or repayment of debt.

Ball is a Westminster, Colo.-based supplier of aluminum packaging for the beverage, personal care and household products industries.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.