Ball Corporation Announces Issuance of Notice of Redemption for its 7.375% Senior Notes due 2019

  Ball Corporation Announces Issuance of Notice of Redemption for its 7.375%
                            Senior Notes due 2019

PR Newswire

BROOMFIELD, Colo., Dec. 9, 2013

BROOMFIELD, Colo., Dec. 9, 2013 /PRNewswire/ -- Ball Corporation (NYSE: BLL)
announced today that it has issued a notice of redemption for all of its
outstanding 7.375% Senior Notes due 2019 (CUSIP No. 058498 AN6) (the "Notes").
The redemption date is January 10, 2014, and the redemption price is 100% of
the principal amount of the Notes outstanding plus the Applicable Premium (as
defined in the Third Supplemental Indenture, dated as of August 20, 2009, by
and among Ball, the subsidiary guarantors named therein and The Bank of New
York Mellon Trust Company, N.A., as trustee (the "Indenture")) as of, and
accrued and unpaid interest to, the redemption date, payable in cash. Ball
intends to use cash on hand and borrowings under its bank credit facilities
and accounts receivable securitization program to fund the redemption.

(Logo: http://photos.prnewswire.com/prnh/20130925/LA85786LOGO)

As of the date hereof, approximately $315.4 million principal amount of Notes
remain outstanding. On and after the redemption date, the Notes will no longer
be deemed outstanding and interest will cease to accrue, unless Ball defaults
in making the redemption payment.

The notice of redemption containing information required by the Indenture was
sent by the Trustee to registered holders of the Notes today. In accordance
with the instructions specified in the notice of redemption, Notes are to be
surrendered to The Bank of New York Mellon, as trustee and paying agent, in
exchange for payment of the redemption price, which will be paid on January
10, 2014, as provided in the Indenture.

As a result of the 2019 Senior Notes redemption, Ball will record an after-tax
charge of approximately $21 million in the first quarter of 2014.

This press release does not constitute an offer to sell or the solicitation of
an offer to buy any securities, including the Notes.

About Ball Corporation
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
2012 sales of more than $8.7billion. For more information, visit
www.ball.com, or connect with us on Facebook or Twitter.

Forward-Looking Statements
This release contains "forward-looking" statements concerning future events
and financial performance. Words such as "expects," "anticipates," "estimates"
and similar expressions identify forward-looking statements. Such statements
are subject to risks and uncertainties, which could cause actual results to
differ materially from those expressed or implied. The company undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise. Key risks
and uncertainties are summarized in filings with the Securities and Exchange
Commission, including Exhibit 99 in our Form 10-K, which are available on our
website and at www.sec.gov. Factors that might affect: a) our packaging
segments include fluctuation in product demand; availability and cost of raw
materials; competitive packaging, pricing and substitution; changes in climate
and weather; crop yields; competitive activity; failure to achieve
productivity improvements or cost reductions; mandatory deposit or other
restrictive packaging laws; changes in major customer or supplier contracts or
loss of a major customer or supplier; political instability and sanctions; and
changes in foreign exchange or tax rates; b) our aerospace segment include
funding, authorization, availability and returns of government and commercial
contracts; and delays, extensions and technical uncertainties affecting
segment contracts; c) the company as a whole include those listed plus:
changes in senior management; successful or unsuccessful acquisitions and
divestitures; regulatory action or laws including tax, environmental, health
and workplace safety, including U.S. FDA and other actions affecting products
filled in our containers, or chemicals or substances used in raw materials or
in the manufacturing process; technological developments and innovations;
litigation; strikes; labor cost changes; rates of return on assets of the
company's defined benefit retirement plans; pension changes; uncertainties
surrounding the U.S. government budget, sequestration and debt limit; reduced
cash flow; ability to achieve cost-out initiatives; interest rates affecting
our debt.

SOURCE Ball Corporation

Website: http://www.ball.com
Contact: Media, Renee Robinson, (303) 460-2476, rarobins@ball.com, or
Investors, Ann T. Scott, (303) 460-3537, ascott@ball.com
 
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