Aluminium packaging solutions provider Ball Corporation has announced the commencement of a public offering of senior notes valued at $750m, due in 2033.
The company will allocate the net proceeds from the offering towards general corporate purposes such as the refinancing or repayment of existing debt.
Ball plans to repay its outstanding borrowings under its US dollar and multicurrency revolving credit facilities.
This repayment will be executed using a portion of the net proceeds from the offering, supplemented by cash on hand, without reducing the facilities’ commitments.
The offering’s specifics, including the amount, terms, and timing, will be determined based on prevailing market conditions and other factors.
The management of Ball retains discretion over the exact use and timing of the proceeds.
BofA Securities, Goldman Sachs, Citigroup Global Markets, and Morgan Stanley are collaborating as global coordinators and joint book-running managers for the notes offering.
Ball is a provider of sustainable aluminium packaging solutions catering to the beverage, personal care, and household products sectors.
With a global workforce of 16,000, the company reported net sales of $11.8bn for 2024, a figure that does not include its divested aerospace business.
This May, Ball reported net sales of $3.09bn for the first quarter of 2025, marking a 7.7% rise from $2.87bn in the same period last year.
Ball expressed confidence in meeting its 2025 goals, projecting an 11-14% growth in comparable diluted earnings per share for the year.
The subsequent month, Ball partnered with Açaí Motion, a Brazilian brand of natural energy drinks, to introduce a new line of sustainable aluminium cans, certified by the Aluminium Stewardship Initiative.
