Ball Corporation 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
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