Ball Corp. (BLL) Thursday said it has closed its previously announced offering of $1 billion aggregate principal amount of 4 percent senior notes due 2023.
Net proceeds from the offering will be used to pay the consideration, interest and related fees and expenses relating to the previous tender offer and related consent solicitation of its outstanding 7.125 percent senior notes due 2016.
Proceeds will also be available for repaying borrowings under its revolving credit facilities and term A loan facility and for general corporate purposes.
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