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Ball Announces Completion of Credit Facilities

Total of $4.1 billion senior secured credit facilities.

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Ball Corporation announced it has completed the closing of its new revolving and term loan senior secured credit facilities that refinance Ball’s revolver and the remainder of the bridge term loan facilities entered into on Feb. 19, 2015.
 
The new $4.1 billion senior secured credit facilities include a multicurrency revolving facility, and U.S. dollar and Euro term loan facilities that will mature in 2021. The new term loan facilities, together with the bonds issued in December 2015, represent the final portion of permanent financing related to Ball’s proposed offer for Rexam PLC.

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