Ball Corporation prices $750 million in senior notes

WESTMINSTER, Colo. - Ball Corporation (NYSE:BALL), the $14.7 billion market cap packaging giant currently trading below its InvestingPro Fair Value, announced Thursday it has priced an underwritten public offering of $750 million in senior notes with a 5.500% interest rate due in 2033.

The packaging company expects the offering to close on August 14, 2025, subject to customary closing conditions. Ball intends to use the net proceeds for general corporate purposes, which may include refinancing or repaying debt.

Prior to allocating the proceeds to their final use, the company plans to repay outstanding borrowings under its U.S. dollar and multi-currency revolving credit facilities using a portion of the net proceeds along with 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 offering is being made through an effective shelf registration statement previously filed with the Securities and Exchange Commission, according to the press release statement.

Ball Corporation supplies aluminum packaging solutions for beverage, personal care, and household products customers. The company employs 16,000 people worldwide and reported 2024 net sales of $11.80 billion, excluding its divested aerospace business. With a "GOOD" Financial Health Score and a 53-year track record of consistent dividend payments, Ball demonstrates strong financial stability. Discover more insights about Ball Corporation in the comprehensive Pro Research Report, along with 10 exclusive ProTips available on InvestingPro.

In other recent news, Ball Corporation announced its second-quarter earnings for 2025, exceeding analyst expectations. The company reported a comparable diluted earnings per share of $0.90, surpassing the forecast of $0.87. Additionally, Ball Corporation’s revenue reached $3.34 billion, outperforming the anticipated $3.11 billion. In another development, Ball Corporation commenced an underwritten public offering of $750 million in Senior Notes due 2033. The proceeds from this offering are intended for general corporate purposes, including refinancing or repaying existing debt. The company plans to initially use a portion of the proceeds and cash on hand to repay outstanding borrowings under its U.S. dollar and multi-currency revolving credit facilities. These recent developments highlight Ball Corporation’s financial activities and strategic financial management.

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