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Ball Prices Hundreds of Millions in Notes

Ball Corporation (NYSE: BLL) priced an underwritten public offering of $500 million up from the previously announced $400 million, of 5.75 percent senior notes due May 15, 2021.

The firm plans to use the proceeds to repay the borrowings under its $300 million secured term loan facility and for various other activities including potential acquisitions, the repayment of debt, working capital or share repurchases.

Joint book-running managers of the offering include Goldman, Sachs & Co. and BofA Merrill Lynch.

The offer is set to close Nov. 18.

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