Ball to repay term loan, revolver borrowings via new note proceeds

By Tali Rackner

Minneapolis, March 6 – Ball Corp. plans to repay outstanding borrowings under its term loan and revolving credit facilities using the net proceeds from a new senior note offering, according to a notice.

Proceeds from the seven-year notes, along with cash on hand, will also be used to repay some short-term borrowings and for general corporate purposes.

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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