Business Context and Reporting Period
Company: BALL Corp
Filing Type: Form 8-K (Current Report)
Date of Report: July 31, 2009
Event: Entry into a Material Definitive Agreement (Second Amendment to Credit Agreement)
Key Financial Metrics
This filing does not report revenue, profit, cash flow, margins, or specific debt balances. The document focuses exclusively on the terms of a credit facility amendment.
Material Changes
The Company entered into a Second Amendment to its Credit Agreement (originally dated October 13, 2005). Key modifications include:
- Term Facilities: Clarified that additional term facilities are not required to have pricing, fees, and economic terms substantially similar to existing term loan facilities.
- Lender Consent: Required new lenders under additional term facilities to consent in advance to the extension or replacement of existing multicurrency and Canadian revolving credit facilities.
- Prepayment Provisions: Modified voluntary prepayment rules to allow the Company to designate that prepayments be applied first to specified scheduled payments due within 12 months of the prepayment.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook. No specific risks or contingencies are detailed beyond the standard incorporation of the amendment terms by reference.
Investor Verification Checklist
- Review Exhibit 10.1 (Second Amendment to Credit Agreement) for full legal terms.
- Verify the impact of the new prepayment designation rules on the Company's liquidity management strategy.
- Confirm the status of existing multicurrency and Canadian revolving credit facilities regarding potential extensions or replacements.