BROOMFIELD, Colo., Feb. 24, 2012 /PRNewswire/ -- Ball Corporation
(NYSE: BLL) announced today that it priced an underwritten public
offering of $750 million of 5.00%
senior notes due March 15, 2022. The
offering is expected to close on March 9,
2012, subject to market conditions and other factors.
Ball intends to use the net proceeds from the offering to pay
the consideration, accrued and unpaid interest and related fees and
expenses in connection with today's previously announced tender
offer and related consent solicitation for any and all of its
outstanding 6 5/8% Senior Notes due 2018, and for general corporate
purposes.
BofA Merrill Lynch; Goldman, Sachs & Co.; J.P. Morgan;
Deutsche Bank Securities; and Barclays Capital are acting as joint
book-running managers of the offering.
Ball is making the offer under a shelf registration statement
previously declared effective by the U.S. Securities and Exchange
Commission. This offering will be made solely by means of a
prospectus and prospectus supplement, a copy of which may be
obtained on the SEC website at www.sec.gov. Alternatively, Ball,
any underwriter or any dealer participating in the offering will
arrange to provide the prospectus if requested. To request a
prospectus, call 1-800-294-1322.
This announcement is for informational purposes only and does
not constitute an offer to sell or a solicitation of an offer to
purchase or a solicitation of consents with respect to any
securities. No offer, solicitation, or sale will be made in any
jurisdiction in which such an offer, solicitation, or sale would be
unlawful.
Ball Corporation is a supplier of high quality packaging for
beverage, food and household products customers, and of aerospace
and other technologies and services, primarily for the U.S.
government. Ball Corporation and its subsidiaries employ more than
14,500 people worldwide and reported 2011 sales of more than
$8.6 billion.
Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates" 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 Exhibit 99.2
in our Form 10-K, which are available on our website and at
www.sec.gov. Factors that might affect our packaging segments
include fluctuation in product demand and preferences; availability
and cost of raw materials; competitive packaging availability,
pricing and substitution; changes in climate and weather; crop
yields; competitive activity; failure to achieve anticipated
productivity improvements or production cost reductions; mandatory
deposit or other restrictive packaging laws; changes in major
customer or supplier contracts or loss of a major customer or
supplier; political instability and sanctions; and changes in
foreign exchange rates or tax rates. Factors that might affect our
aerospace segment include: funding, authorization, availability and
returns of government and commercial contracts; and delays,
extensions and technical uncertainties affecting segment contracts.
Factors that might affect the company as a whole include those
listed plus: accounting changes; changes in senior management; the
recent global recession and its effects on liquidity, credit risk,
asset values and the economy; successful or unsuccessful
acquisitions; regulatory action or laws including tax,
environmental, health and workplace safety, including U.S. FDA and
other actions affecting products filled in our containers, or
chemicals or substances used in raw materials or in the
manufacturing process; 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; pension changes; uncertainties
surrounding the U.S. government budget and debt limit; reduced cash
flow; interest rates affecting our debt; and changes to unaudited
results due to statutory audits or other effects.
SOURCE Ball Corporation