Ball Corp Extends Credit Agreement, Refinances Facilities to 2030

Ball Corporation extended its credit agreement, refinancing facilities to extend maturity from June 2027 to November 2030. The new structure includes a $1.5 billion term loan A facility, a $1.25 billion U.S. dollar revolving credit facility, and a $750 million multi-currency revolving credit facility. Borrowings will bear interest based on benchmark rates with margins ranging from 1.00% to 1.50%. The agreement also includes a net leverage ratio of no greater than 4.50 to 1.00.