debt
confidence high
sentiment neutral
materiality 0.60
Ball Corp completes tender offers for $1.305B of senior notes due 2025 and 2026
BALL Corp
- Accepted $810.7M of $1B 5.25% Notes due 2025 (Total Consideration $1,000/$1,000).
- Accepted $494.0M of $750M 4.875% Notes due 2026 (Total Consideration $990.38/$1,000).
- Payment funded by net cash proceeds from previously announced sale of aerospace business.
- Withdrawal rights expired Feb 28; early tender premium of $30/$1,000 included for early tenders.
- Settlement expected March 15, 2024; all conditions satisfied or waived.