12.09.13
Ball Corporation announced that it has issued a notice of redemption for all of its outstanding 7.375% Senior Notes due 2019 (CUSIP No. 058498 AN6). The redemption date is Jan. 10, 2014, and the redemption price is 100% of the principal amount of the notes outstanding plus the applicable premium as of, and accrued and unpaid interest to, the redemption date, payable in cash. Ball intends to use cash on hand and borrowings under its bank credit facilities and accounts receivable securitization program to fund the redemption.
As of the date hereof, approximately $315.4 million principal amount of Notes remain outstanding. On and after the redemption date, the Notes will no longer be deemed outstanding and interest will cease to accrue, unless Ball defaults in making the redemption payment.
As of the date hereof, approximately $315.4 million principal amount of Notes remain outstanding. On and after the redemption date, the Notes will no longer be deemed outstanding and interest will cease to accrue, unless Ball defaults in making the redemption payment.