New Issue-Ball Corp sells $700 mln notes in 2 parts

Aug 11 (Reuters) - Ball Corp (BLL.N) on Tuesday sold $700
million of senior notes, said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $650 million.

Goldman Sachs, JP Morgan, Banc of America Merrill Lynch,
Barclays and Deutsche Bank were the joint book managers on the
sale.
BORROWER: BALL CORP
FIRST TRANCHE:
AMT $375 MLN COUPON 7.125 PCT MATURITY 9/1/2016
TYPE SR NOTES ISS PRICE 97.975 FIRST PAY 9/1/2009
MOODY'S Ba1 YIELD 7.50 PCT SETTLEMENT 8/20/2009
S&P BB-PLUS SPREAD 420 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 4 YEARS*
*MAKE-WHOLE CALL 50 BPS
SECOND TRANCHE:
AMT $325 MLN COUPON 7.375 PCT MATURITY 9/1/2019
TYPE SR NOTES ISS PRICE 97.414 FIRST PAY 9/1/2009
MOODY'S Ba1 YIELD 7.75 PCT SETTLEMENT 8/20/2009
S&P BB-PLUS SPREAD 405 BPS PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS NON-CALLABLE 5 YEARS**
** MAKE-WHOLE CALL 50 BPS