Ball Corporation: Ball Corp's planned debt reduction from Aerospace sale and free cash flow generation are credit positive

Ball Corporation: Key facts and statistics - 2023 - Issuer Profile – 2024/03/28 – US$ 200.00 – ...Ball Corporation (Ball) is a US-based manufacturer of aluminum packaging, mainly for the beverage, personal care and household products industries. As of 31 December 2023, Ball operated in North, Central and South America, Europe, Asia, the Middle East and Africa, and had manufacturing operations in 26 countries. Its principal region was the US, which accounted for around 55.9% of its $14.0 billion revenue in 2023. Ball was established in 1880 as Wooden Jacketed Can Company in New York. In 1886, it was incorporated as Ball Brothers Glass Manufacturing Company and was renamed Ball Corporation in 1969. Ball went public in 1972, and since 1973, the company has been listed on the New York Stock Exchange (ticker: BALL). As of 29 December 2023, the company's largest shareholder was The Vanguard Group, which held 11.29% of its total share capital....

Ball Corporation - December 2023 (LTM): Peer Snapshot - Peer Snapshot – 2024/03/15 – US$ 750.00 – ...Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Negative Ba2 Positive Silgan Holdings Inc. Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Sealed Air Corp....

Ball Corporation: Update to credit analysis - Credit Opinion – 2023/11/28 – US$ 250.00 – ...Our credit rating on Ball Corporation (Ball) (Ba1 corporate family rating (CFR), negative outlook) reflects the company's superior position in the global metal can industry. Ball Corp's strong innovation capabilities enable efficiency in meeting customer needs, expansion of its portfolio offering, and margin enhancement. In addition, Ball has strong relationships with its customers (inclusive of large blue-chip companies), and partners with each of them in developing new products and reaching set production goals. This creates stickiness with customers and high switching costs. Ball continues to limit the impact of input cost volatility through pass through mechanisms on long term contracts, which also limits eliminates margin fluctuations. The company's portfolio of business includes an aerospace segment accounting for about 13% to 14% of revenue. This business is in the process of being sold to BAE SYSTEMS plc (Baa2 positive) for gross proceeds of $5.6 billion ($4.6 billion after tax)...

Ball Corporation - September 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/11/28 – US$ 750.00 – ...Silgan Holdings Inc. Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Sealed Air Corp. Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Negative Ba2 Positive...

Ball Corporation - June 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/08/29 – US$ 750.00 – ...Silgan Holdings Inc. Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Sealed Air Corp. Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Stable Ba2 Positive...

Moody's says Ball Corp's planned debt reduction from Aerospace sale and free cash flow generation is credit positive - Announcement – 2023/08/21 – US$ 180.00

Ball Corporation: Covenant Quality Post-Sale Snapshot: $1,000m 6.000% Senior Notes due 2029 - Covenant Quality Assessment – 2023/06/07 – US$ 750.00 – ...+ HY-lite covenant package. Lacks both restricted payments and debt incurrence covenants. + Liens subordination. Negative pledge and sale/leaseback covenant only apply to Principal Property or capital stock or debt of any subsidiary. + Change of control. All three events are subject to a downgrade condition requiring a below-IG rating of the Notes by all three rating agencies....

Ball Corporation - March 2023 (LTM): Peer Snapshot - Peer Snapshot – 2023/05/29 – US$ 750.00 – ...Ball Corporation Crown Holdings, Inc. Berry Global Group Inc. Sealed Air Corp. Ba1 Negative Ba1 Stable Ba1 Stable Ba1 Stable...

Ball Corporation: Key facts and statistics - 2022 - Issuer Profile – 2023/05/24 – US$ 200.00 – ...Ball Corporation (Ball) is a US-based manufacturer of aluminum packaging, mainly for the beverage, personal care and household products industries, and a supplier of aerospace and other technologies and services to government and commercial customers. Ball operates in North, Central and South America, Europe, Asia, the Middle East and Africa, and has manufacturing operations in 26 countries. Its principal region is the US, which accounted for around 55.3% of its $15.3 billion revenue in the fiscal year that ended 31 December 2022 (2022). Ball was established in 1880 as Wooden Jacketed Can Company in New York. In 1886, it was incorporated as Ball Brothers Glass Manufacturing Company and was renamed Ball Corporation in 1969. Ball went public in 1972, since 1973 the company has been listed on the New York Stock Exchange (ticker: BALL). As of 31 December 2022, the company's largest shareholder was The Vanguard Group, which held 11.3% of its total share capital....

Moody's assigns Ba1 to Ball Corp's proposed $1 billion senior unsecured notes due 2029 - Rating Action – 2023/05/08 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT...