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Ball to repay revolver borrowings with proceeds from note offering
By Wendy Van Sickle
Columbus, Ohio, June 22 – Ball Corp. plans to repay borrowings under its revolving credit facility with proceeds from a $1 billion public offering of senior notes, according to a news release.
If any proceeds are left over after the credit facility is repaid, they will be used for general corporate purposes, according to the release.
BofA Merrill Lynch, Deutsche Bank Securities, Goldman, Sachs & Co., KeyBanc Capital Markets, Mizuho Securities and Rabo Securities are the joint bookrunners for the offering.
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.
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