BROOMFIELD, Colo., Jan. 10, 2014 /PRNewswire/ -- Ball Corporation (NYSE: BLL) announced today that it has completed the previously announced redemption of all of its outstanding 7.375% Senior Notes due 2019 (CUSIP No. 058498 AN6) (the "Notes"), representing approximately $315.4 million aggregate principal amount of Notes.

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The Notes were redeemed at a redemption price of 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) as of, and accrued and unpaid interest to, the redemption date of January 10, 2014, payable in cash. On and after the redemption date, the Notes called for redemption were no longer deemed outstanding and interest ceased to accrue.

Ball used cash on hand and borrowings under its bank credit facilities and accounts receivable securitization program to fund the redemption. As a result of the 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 $8.7 billion. 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 product demand fluctuations; availability/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 issues including tax, environmental, health and workplace safety, including U.S. FDA and other actions or public concerns 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