Ball Corp. (BLL) said it plans to offer $400 million in notes due in 2021.

The company said it will use the proceeds for repayment of a portion of its $300 million secured term loan as well as other potential uses, including acquisitions or share repurchases.

The metal and plastic packaging company has shown top-line improvement and last month reported its third-quarter profit more than doubled on one-time gains and a 12% increase in revenue.

Shares closed Friday at $64.88 and were inactive premarket. The stock has gained 25% this year.

-By Matt Jarzemsky, Dow Jones Newswires; 212-416-2240; matthew.jarzemsky@dowjones.com
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