01.10.14
Ball Corporation announced that it has completed the previously announced redemption of all of its outstanding 7.375% Senior Notes due 2019 (CUSIP No. 058498 AN6), representing approximately $315.4 million aggregate principal amount of Notes.
The notes were redeemed at a redemption price of 100% of the principal amount of the notes outstanding plus the applicable premium (as defined in the Third Supplemental Indenture, dated as of Aug. 20, 2009, by and among Ball, the subsidiary guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as trustee) as of, and accrued and unpaid interest to, the redemption date of Jan. 10, 2014, payable in cash. Ball used cash on hand and borrowings under its bank credit facilities and accounts receivable securitization program to fund the redemption.
The notes were redeemed at a redemption price of 100% of the principal amount of the notes outstanding plus the applicable premium (as defined in the Third Supplemental Indenture, dated as of Aug. 20, 2009, by and among Ball, the subsidiary guarantors named therein and The Bank of New York Mellon Trust Company, N.A., as trustee) as of, and accrued and unpaid interest to, the redemption date of Jan. 10, 2014, payable in cash. Ball used cash on hand and borrowings under its bank credit facilities and accounts receivable securitization program to fund the redemption.