Ball Corporation Announces Public Offering of Senior Unsecured Notes
March 02 2006 - 8:30AM
PR Newswire (US)
BROOMFIELD, Colo., March 2 /PRNewswire-FirstCall/ -- Ball
Corporation (NYSE:BLL) announced today that it plans to make a
public offering of $450 million in aggregate principal amount of
senior unsecured notes. The proceeds from the notes offering,
together with proceeds from borrowings under a new term loan
facility under the company's existing credit agreement, will be
used to finance the previously announced acquisitions of U.S. Can
Corporation's United States and Argentinean operations and certain
North American plastic bottle container assets of Alcan Packaging.
The offering is subject to market and other conditions, including
the consummation of the U.S. Can Corporation acquisition. The
offering will be made under Ball's shelf registration statement
filed with the Securities and Exchange Commission on March 1, 2006,
and is expected to price the week of March 6, 2006. This press
release is neither an offer to sell nor a solicitation of an offer
to buy the securities described herein, nor shall there be any sale
of these securities in any jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such jurisdiction.
The offering of these securities will be made only by means of a
prospectus and related prospectus supplement. When available,
copies of the prospectus and related prospectus supplement may be
obtained from Lehman Brothers Inc., Prospectus Department, 745
Seventh Avenue, New York, New York 10019; Deutsche Bank Securities
Inc., Prospectus Department, 60 Wall Street, New York, New York
10005; J.P. Morgan Securities Inc., Prospectus Department, ADP IDS,
1155 Long Island Avenue, Edgewood, New York 11717, Attention:
Post-Sale Fulfillment; and Banc of America Securities LLC,
Prospectus Department, 100 West 33rd Street, Third Floor, New York,
New York 10001. Ball Corporation is a supplier of high-quality
metal and plastic packaging products and owns Ball Aerospace &
Technologies Corp., which develops sensors, spacecraft, systems and
components for government and commercial customers. Ball reported
2005 sales of $5.8 billion and the company employs 13,100 people
worldwide. Forward-Looking Statements This news release contains
"forward-looking" statements concerning future events and financial
performance. Words such as "expects," "anticipates," "estimates,"
and variations of same and similar expressions are intended to
identify forward-looking statements. Such statements are subject to
risks and uncertainties which could cause actual results to differ
materially from those expressed or implied. The company undertakes
no obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. Key risks and uncertainties are summarized in filings
with the Securities and Exchange Commission, including in Exhibit
99.2 in our Form 10-K. These filings are available at our Web site
and at http://www.sec.gov/. Factors that might affect our packaging
segments include fluctuation in consumer and customer demand and
preferences; availability and cost of raw materials, including
recent significant increases in resin, steel, aluminum and energy
costs, and the ability to pass such increases on to customers;
competitive packaging availability, pricing and substitution;
changes in climate and weather; fruit, vegetable and fishing
yields; industry productive capacity and competitive activity;
failure to achieve anticipated productivity improvements or
production cost reductions, including those associated with our
beverage can end project; the German mandatory deposit or other
restrictive packaging laws; changes in major customer or supplier
contracts or loss of a major customer or supplier; changes in
foreign exchange rates, tax rates and activities of foreign
subsidiaries; and the effect of LIFO accounting. Factors that might
affect our aerospace segment include: funding, authorization,
availability and returns of government contracts; and delays,
extensions and technical uncertainties affecting segment contracts.
Factors that might affect the company as a whole include those
listed plus: acquisitions, joint ventures or divestitures;
regulatory action or laws including tax, environmental and
workplace safety; governmental investigations; technological
developments and innovations; goodwill impairment; antitrust,
patent and other litigation; strikes; labor cost changes; rates of
return projected and earned on assets of the company's defined
benefit retirement plans; reduced cash flow; interest rates
affecting our debt; and changes to unaudited results due to
statutory audits or other effects. DATASOURCE: Ball Corporation
CONTACT: Investors, Ann T. Scott, +1-303-460-3537, , or Media,
Scott McCarty, +1-303-460-2103, , both of Ball Corporation
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