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  • Friday, April 19, 2024

Ball Caps Credit Facility

Ball Corporation (NYSE: BLL) released the following financial announcement:

“[The firm] has completed the closing of its new senior secured credit facility. The new $1.4 billion senior secured credit facility extends bank maturities through 2015 and provides greater flexibility for share repurchases and other corporate actions.

“The new credit facility provides Ball with additional borrowing capacity and more flexibility, ” said Scott C. Morrison, senior vice president and chief financial officer. “Our solid balance sheet and recent financings provide us with a very competitive, long-term capital structure to generate value for our shareholders well into the future.”

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