Ball said it announced the pricing of cash tender offers for any and all of its outstanding $1,000,000,000 aggregate principal amount of 5.25% Senior Notes due 2025 and $750,000,000 aggregate principal amount of 4.875% Senior Notes due 2026 on February 28, 2024.

1. 01

   Ball said it announced the pricing of cash tender offers for any and all of its outstanding $1,000,000,000 aggregate principal amount of 5.25% Senior Notes due 2025 and $750,000,000 aggregate principal amount of 4.875% Senior Notes due 2026 on February 28, 2024.

2. 02

   The company disclosed the Total Consideration per $1,000 principal amount of the 2025 Notes at $1,000.00 and per $990.38 principal amount of the 2026 Notes at $30 (wait)

3. 03

   Ball said the Early Tender Time is 5:00 p.m. New York City time on February 28, 2024 and the expiration time for each Tender Offer is 5:00 p.m. New York City time on March 14, 2024. Holders who tender after the Early Tender Time will be eligible only for the Tender Offer Consideration, which is the Total Consideration minus the Early Tender Premium.

4. 04

   The company said it expects to pay the Total Consideration, Accrued Interest and the costs of the tender offers with net cash proceeds from the previously announced sale of its aerospace business. The settlement date is expected to be on March 15, 2024, or on February 29, 2024 if holders elect early settlement.

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Original filing

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