Ball Corporation

Post‑aerospace sale, Ball prioritized debt reduction and capital returns. As of June 30, 2025, total debt carried was roughly 7.0 billion including short‑term facilities, against cash and equivalents of about 296 million.

The company issued €850 million 4.25 percent notes due 2032, redeemed its July 2025 notes, and maintained significant revolver availability; leverage covenants step down to 4.5x in late 2025, and the company reports compliance. Financial resources are adequate with staggered maturities, but leverage is still meaningful for a cyclical manufacturer.