Ball to redeem all 4 3/8% senior notes due 2023 on Dec. 10

By Mary-Katherine Stinson

Lexington, Ky., Dec. 8 – Ball Corp. will redeem all outstanding €700 million of its 4 3/8% senior notes due 2023 (ISIN: XS1330978567) on Dec. 10, according to a supplemental notice of redemption.

The notes will be redeemed in full at a make-whole premium of the comparable government rate plus 50 basis points. Accrued interest from July 1 to the redemption date will also be paid.

The redemption price will total €713,657,000, equal to a redemption price of approximately 101.951, which was calculated according to terms of the indenture.

The accrued interest will total €13,482,000.

Accordingly, the total redemption payment will be €727,139,000.

Deutsche Bank Trust Co. Americas is the trustee, paying agent and registrar.

Ball is a Broomfield, Colo.-based provider of packaging solutions for beverage, food and household products customers as well as aerospace and other technologies and services primarily for the U.S. government.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.