Ball Corporation (NYSE: BALL) has just completed the closing of new credit facilities, including a U.S. dollar revolving facility, a multicurrency revolving facility, and a U.S. dollar term loan facility totaling $3.5 billion. These facilities will mature in 2030 and are intended to refinance the company's existing senior secured credit facilities while also supporting general corporate purposes.
The company's Chief Financial Officer, Daniel J. Rabbitt, highlighted the strengthening of Ball Corporation's financial position with attractive financing from a diverse bank syndicate. He expressed that these new credit facilities, combined with the company's solid balance sheet and recent financings, have built a competitive, long-term capital structure that supports sustainable growth and maximizes shareholder value in 2025 and beyond.
Ball Corporation, a supplier of innovative and sustainable aluminum packaging solutions for beverage, personal care, and household products customers, had reported net sales of $11.80 billion in 2024, excluding the divested aerospace business.
This move to secure new credit facilities reflects the company's commitment to maintaining a strong financial foundation while pursuing strategic initiatives and sustainable growth. Today the company's shares have moved 0.58% to a price of $49.665. For more information, read the company's full 8-K submission here.
