Ball to issue $1B public offering

BROOMFIELD — Ball Corp. (NYSE: BLL), a Broomfield-based metal-packaging manufacturer with a major aerospace division, announced Monday that it has launched a public offering of about $1 billion in senior notes due in 2030. The funds will be used “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.% senior notes due 2022, working capital, share repurchases, pension contributions or capital expenditures,” according to a Ball news release.  Goldman Sachs & Co. LLC, Bank of America 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.   © 2020 BizWest Media LLC  
Source: BizWest