BROOMFIELD, Colo., Aug. 10, 2020 /PRNewswire/ -- Ball
Corporation (NYSE: BLL) announced today that it has commenced
an underwritten public offering of approximately $1 billion in aggregate principal amount of
Senior Notes due 2030 (the "Notes"). The exact amount, terms and
timing of the offering will depend upon market conditions and other
factors.
Ball Corporation ("Ball") intends to use the net proceeds from
this offering of the Notes to repay outstanding borrowings under
its revolving credit facilities and for general corporate purposes,
which may include potential investments in strategic alliances and
acquisitions, the repurchase or redemption of debt, including its
5.00% Senior Notes due 2022, working capital, share repurchases,
pension contributions or capital expenditures.
Goldman Sachs & Co. LLC; BofA Securities, Inc.; Citigroup
Global Markets Inc.; and Deutsche Bank Securities Inc. are acting
as global coordinators and joint book-running managers of this
offering of the Notes.
Ball has filed a registration statement (including a prospectus
dated March 6, 2018) and will file a
preliminary prospectus supplement with the SEC for the offering to
which this communication relates. Before you invest, you should
read the prospectus in that registration statement, the preliminary
prospectus supplement and other documents Ball has filed with the
SEC for more complete information about Ball and this offering. You
may obtain these documents for free by visiting EDGAR on the SEC
Web site at www.sec.gov. Alternatively, Ball, any underwriter or
any dealer participating in the offering will arrange to send you
the prospectus if you request it from Goldman Sachs & Co. LLC,
Attention: Prospectus Department, 200 West Street, New York, New York 10282, email:
prospectus-ny@ny.email.gs.com, phone: 1-866-471-2526; BofA
Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd
floor, Charlotte NC 28255-0001, Attn: Prospectus Department,
or by email at dg.prospectus_requests@bofa.com; Citigroup Global
Markets Inc., c/o Broadridge Financial Solutions, 1155 Long Island
Avenue, Edgewood, New York 11717,
telephone: 1-800-831-9146, e-mail: CorporatePDM@broadridge.com; or
Deutsche Bank Securities Inc., Attn.: Prospectus Group, 60 Wall
Street, New York, New York
10005-2836, email: prospectus-CPDB@db.com, telephone:
(800)-503-4611. No offer, solicitation or sale will be made in any
jurisdiction in which such an offer, solicitation or sale would be
unlawful.
About Ball Corporation
Ball supplies innovative, sustainable aluminum packaging solutions
for beverage, personal care and household products customers, as
well as aerospace and other technologies and services primarily for
the U.S. government. Ball and its subsidiaries employ more than
18,300 people worldwide and reported 2019 net sales of $11.5 billion.
Forward-Looking Statements
This release contains "forward-looking" statements concerning
future events and financial performance. Words such as "expects,"
"anticipates," "estimates," "believes," "targets," "likely,"
"positions" and similar expressions typically identify
forward-looking statements, which are generally any statements
other than statements of historical fact. Such statements are based
on current expectations or views of the future and are subject to
risks and uncertainties, which could cause actual results or events
to differ materially from those expressed or implied. You should
therefore not place undue reliance upon any forward-looking
statements and any such statements should be read in conjunction
with, and, qualified in their entirety by, the cautionary
statements referenced below. 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 factors, risks and uncertainties that could cause actual
outcomes and results to be different are summarized in filings with
the Securities and Exchange Commission, including Exhibit 99 in our
Form 10-K, which are available on our website and at www.sec.gov.
Additional factors that might affect: a) our packaging segments
include product capacity, supply, and demand constraints and
fluctuations, including due to virus and disease outbreaks and
responses thereto; availability/cost of raw materials and
logistics; competitive packaging, pricing and substitution; changes
in climate and weather; footprint adjustments and other
manufacturing changes, including the startup of new facilities and
lines; failure to achieve synergies, productivity improvements or
cost reductions; mandatory deposit or other restrictive packaging
laws; customer and supplier consolidation; power and supply chain
interruptions; potential delays and tariffs related to the U.K.'s
departure from the EU; changes in major customer or supplier
contracts or a loss of a major customer or supplier; political
instability and sanctions; currency controls; changes in foreign
exchange or tax rates; and tariffs, trade actions, or other
governmental actions, including business restrictions and
shelter-in-place orders in any country or jurisdiction affecting
goods produced by us or in our supply chain, including imported raw
materials, such as those related to COVID-19 and those pursuant to
Section 232 of the U.S. Trade Expansion Act of 1962 or Section 301
of Trade Act of 1974; b) our aerospace segment include funding,
authorization, availability and returns of government and
commercial contracts; and delays, extensions and technical
uncertainties affecting segment contracts; c) the company as a
whole include those listed plus: the extent to which
sustainability-related opportunities arise and can be capitalized
upon; changes in senior management, succession, and the ability to
attract and retain skilled labor; regulatory action or issues
including tax, environmental, health and workplace safety,
including U.S. FDA and other actions or public concerns affecting
products filled in our containers, or chemicals or substances used
in raw materials or in the manufacturing process; technological
developments and innovations; the ability to manage cyber threats
and the success of information technology initiatives; litigation;
strikes; disease; pandemic; labor cost changes; rates of return on
assets of the company's defined benefit retirement plans; pension
changes; uncertainties surrounding geopolitical events and
governmental policies both in the U.S. and in other countries,
including policies, orders and actions related to COVID-19, the
U.S. government elections, stimulus package(s), budget,
sequestration and debt limit; reduced cash flow; interest rates
affecting our debt; and successful or unsuccessful joint ventures,
acquisitions and divestitures, and their effects on our operating
results and business generally.
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SOURCE Ball Corporation