BALL · 10-Q · 2026Q2 · Full report

Liquidity and Debt Position

BALL Corp · 2026-08-04 · Importance 54 · Surprise 14 · From source text

Total debt increased to $7.22 billion at June 30, 2026, from $7.01 billion at December 31, 2025. Ball had $1.71 billion available under its long-term multi-currency revolving facilities and $942 million available under short-term uncommitted facilities, with $43 million outstanding under the latter. The company’s $1.50 billion term loan and $2.00 billion of long-term multi-currency revolving facilities mature in November 2030. Ball remained in compliance with its leverage covenant, which requires a ratio no greater than 5.0 times through March 30, 2027, and could borrow an additional $2.40 billion under committed and short-term facilities.

Key facts

• The most restrictive debt covenant requires maintaining a leverage ratio no greater than 5.0 times, which will change to 4.5 times as of March 31, 2027, and the company was in compliance with the leverage ratio requirement at June 30, 2026. source
• Accounts receivable factoring programs had combined limits of approximately $1.73 billion at June 30, 2026 and $1.82 billion at December 31, 2025, with $216 million and $364 million available for sale under these programs as of June 30, 2026 and December 31, 2025, respectively. source
• Senior credit facilities include a $1.50 billion term loan and long-term multi-currency revolving facilities providing up to $2.00 billion equivalent and they mature in November 2030. source
• At June 30, 2026 approximately $1.71 billion was available under long-term multi-currency revolving facilities and approximately $942 million of short-term uncommitted credit facilities were available, of which $43 million was outstanding and due on demand. source
• As of June 30, 2026 the company could borrow an additional $2.40 billion under its long-term multi-currency committed revolving facilities and short-term uncommitted credit facilities. source
• Included in obligor group amounts, long-term notes receivable due from other subsidiary companies were $10.19 billion at June 30, 2026 and $9.93 billion at December 31, 2025. source
• Obligations outstanding confirmed to financial institutions under supplier finance programs were $276 million at June 30, 2026 and $424 million at December 31, 2025. source
• The obligor group had current assets of $2,889 million and current liabilities of $4,500 million as of June 30, 2026; noncurrent assets $13,735 million and noncurrent liabilities $12,506 million. source

Impact estimates