Ball Launches $1 Bln Senior Note Offering

(RTTNews) - Ball Corp. (BLL) said Monday that it has commenced an underwritten public offering of about $1 billion in aggregate principal amount of Senior Notes due 2025.

The exact terms and timing of the offering will depend upon market conditions and other factors.

Ball said it plans to use the net proceeds from the offering to repay borrowings under its revolving credit facility and the balance, if any, for general corporate purposes.

BofA Merrill Lynch; Deutsche Bank Securities; Goldman, Sachs & Co.; KeyBanc Capital Markets; Mizuho Securities; and Rabo Securities are acting as joint book-running managers of the offering.