BAE Systems preps multi-tranche dollar bond deal after Monday calls

By Cristal Cody

Chicago, March 19 – BAE Systems plc held fixed-income investor calls and a deal presentation on Monday for an upcoming multiple-tranche dollar-denominated offering of bonds, according to a market source.

The company announced in August it would be buying the Ball Aerospace business from Ball Corp. for around $5.55 billion in cash, according to an earlier report.

The acquisition was targeted to close in the first half of 2024.

BofA Securities, Inc., BNP Paribas Securities Corp., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Morgan Stanley & Co. LLC and SG Americas Securities LLC are working as bookrunners on the Rule 144A and Regulation S offering.

BAE is an arms, security and aerospace company based in London.

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