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Deutsche Bank Agents Ball’s $4.1B Credit Facilities

March 21, 2016, 07:51 AM
Filed Under: Manufacturing

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. An 8-K filing with the SEC indications that Duetsche Bank is serving as administrative agent on the facility while Deutsche Bank Securities Inc., Merrill Lynch, Pierce, Fenner & Smith, Goldman Sachs Bank, Keybanc Capital Markets Inc., Mizuho Bank, Ltd., and Coöperatieve Rabobank U.A., New York Branch served as lead arrangers and bookrunners.

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.

Ball Corporation supplies innovative, sustainable packaging solutions for beverage, food and household products customers, as well as aerospace and other technologies and services primarily for the U.S. government. Ball Corporation and its subsidiaries employ 15,000 people worldwide and reported 2015 sales of $8.0 billion. For more information, visit, or connect with us on Facebook or Twitter.

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