Ball Corporation Secures $3.5 Billion Senior Secured Credit Facilities

Reuters11-26
Ball Corporation Secures $3.5 Billion Senior Secured Credit Facilities

Ball Corporation has finalized new senior secured credit facilities totaling $3.5 billion, which include a U.S. dollar revolving facility, a multicurrency revolving facility, and a U.S. dollar term loan facility maturing in 2030. The proceeds from these new credit facilities will be used to refinance Ball's existing senior secured credit facilities, originally entered into in June 2022, and for general corporate purposes. The new financing, supported by a diverse syndicate of banks, is expected to strengthen Ball's financial position and provide greater flexibility for strategic initiatives.

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