Market Overview

Ball Corporation Announces Tender Offer and Consent Solicitation


Ball Corporation (NYSE: BLL) announced today that it has commenced a cash tender offer to purchase any and all of its outstanding $450 million aggregate principal amount of 6 5/8% Senior Notes due 2018.

In connection with the Offer, Ball is soliciting consents from the holders of the Notes for proposed amendments that would eliminate most of the restrictive covenants, certain events of default and certain other provisions contained in the indenture governing the Notes. Adoption of the proposed amendments requires the consent of the holders of at least a majority in principal amount of the Notes outstanding. Holders who tender their Notes will be deemed to consent to the proposed amendments and holders may not deliver consents to the proposed amendments without tendering their Notes in the Offer

Posted-In: News M&A


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