Ball to repay outstanding borrowings under revolver

By Taylor Fox

New York, Aug. 10 – Ball Corp. intends to repay outstanding borrowings under its revolving credit facilities using proceeds from its $1 billion senior notes offering, according to a news release.

Remaining proceeds will be used for general corporate purposes including potential investments in strategic alliance and acquisitions, the repurchase or redemption of debt, including its 5% senior notes due 2022, working capital, share repurchases, pension contributions or capital expenditures.

Ball is a Broomfield, Colo.-based provider of packaging solutions for beverage, food and household products customers as well as aerospace and other technologies and services primarily for the U.S. government.

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