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WESTMINSTER, Colo. - Ball Corporation (NYSE:BALL), currently trading at $52.55 and showing signs of being undervalued according to InvestingPro analysis, announced Thursday it has commenced an underwritten public offering of $750 million in Senior Notes due 2033, according to a press release statement.
The aluminum packaging supplier plans to use the net proceeds for general corporate purposes, which may include refinancing or repaying debt. Initially, the company intends to repay outstanding borrowings under its U.S. dollar and multi-currency revolving credit facilities using a portion of the proceeds and cash on hand.
BofA Securities, Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., and Morgan Stanley & Co. LLC are serving as global coordinators and joint book-running managers for the offering.
The company is conducting the offer through an effective shelf registration statement previously filed with the Securities and Exchange Commission. The exact terms and timing of the offering will depend on market conditions and other factors.
Ball Corporation supplies aluminum packaging solutions for beverage, personal care and household products customers. The company employs 16,000 people worldwide and reported net sales of $11.80 billion in 2024, excluding its divested aerospace business. With a market capitalization of $14.3 billion and an impressive 53-year track record of consecutive dividend payments, Ball Corporation demonstrates strong financial stability. Discover more exclusive insights and detailed analysis in the comprehensive Pro Research Report, available on InvestingPro.
The announcement specified that the press release does not constitute an offer to sell or solicitation of an offer to buy securities, nor will there be sales in any state where such offer would be unlawful prior to registration under securities laws.
In other recent news, Ball Corporation reported its second-quarter earnings for 2025, exceeding analyst expectations. The company achieved a comparable diluted earnings per share (EPS) of $0.90, surpassing the forecasted $0.87. Additionally, Ball Corporation’s revenue reached $3.34 billion, outpacing the anticipated $3.11 billion. These financial results highlight the company’s strong performance during the quarter. The earnings release did not include any updates on mergers or acquisitions. There were also no recent analyst upgrades or downgrades reported for Ball Corporation. Investors may find the positive earnings and revenue figures noteworthy as they reflect the company’s ability to surpass market predictions.
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