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Ball Corp. prolongs consent solicitation for 6 7/8% notes
By Jennifer Chiou
New York, Sept. 17 - Ball Corp. announced the extension of its consent solicitation for its 6 7/8% senior notes due 2012 to 5 p.m. ET on Sept. 23 from Sept. 16.
The company said the primary purpose of the proposed amendments to the indenture is to change provisions governing restricted payments so that they generally match provisions governing restricted payments contained in the indenture of Ball's 6 5/8% senior notes due 2018.
Noteholders who deliver consent will receive $2.50 for each $1,000 principal amount of notes.
The company needs consents from holders of at least a majority of the outstanding notes.
Lehman Brothers Inc. (800 438-3242 or 212 528-7581) is the solicitation agent, and D.F. King & Co., Inc. (800 431-9643 or 212 269-5550) is the information and tabulation agent.
Ball is a Broomfield, Colo.-based supplier of metal and plastic packaging for beverage, food and household products customers and of aerospace and other technologies and services.
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