Ball Corporation completed a $3.5 billion senior secured credit facility on November 25, 2025. The new facility combines a U.S. dollar revolving line, a multicurrency revolving line, and a U.S. dollar term loan that matures in 2030. The transaction replaces the company’s earlier senior secured lines that were originated in June 2022, giving Ball a more flexible and cost‑effective source of liquidity for general corporate purposes.
The new credit package was arranged by a syndicate that includes JPMorgan Chase, Bank of America, and Citigroup, among others. The diversified lender mix provides Ball with a robust balance sheet and reduces refinancing risk as the term loan pushes the debt maturity out to 2030. The facility’s structure also allows the company to draw on the revolving lines for short‑term working‑capital needs while committing to a long‑term debt profile that supports strategic growth.
Management highlighted that the refinancing will lower overall borrowing costs. CFO Daniel J. Rabbitt said the new terms are “attractive financing from a diverse bank syndicate, while providing the flexibility to pursue strategic initiatives.” The company’s recent share‑repurchase program, which began in January 2025 with a $4 billion authorization, is one of the initiatives that the new liquidity will support.
The credit facility comes at a time when Ball’s operating results have been solid. In Q3 2025, the company reported revenue of $3.38 billion, beating analyst expectations of $3.31 billion, and earnings per share of $1.02, in line with the $1.02 consensus. The company’s gross profit margin of 19.86% and net sales of $11.80 billion in 2024 (excluding its former aerospace business) demonstrate a strong operational base that the new financing will help sustain.
By extending debt maturities and securing lower interest rates, Ball positions itself to fund plant expansions and continue its sustainability agenda, which includes an 85 % recycled aluminum content target by 2030 and a 55 % reduction in carbon footprint. The improved capital structure also supports the company’s long‑term shareholder return strategy, reinforcing confidence in its ability to generate cash and return value through dividends and share repurchases.
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