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Owens-Brockway Glass Container Inc. Launches $300 Million Senior Notes Offering
OIO-I Glass(OI) Newsfilter·2024-05-20 12:41

Core Points - O-I Glass, Inc. announced that its subsidiary, Owens-Brockway Glass Container Inc. (OBGC), plans to offer 300millioninseniornotesdue2032inaprivateoffering[1]−Theproceedsfromtheofferingwillbeusedtoredeemalloutstanding6.375300 million in senior notes due 2032 in a private offering [1] - The proceeds from the offering will be used to redeem all outstanding 6.375% Senior Notes due 2025 [2] - The notes will not be registered under the Securities Act and will be offered only to qualified institutional buyers and certain non-U.S. persons [3] Company Overview - O-I Glass, Inc. is a leading global producer of glass bottles and jars, with net sales of 7.1 billion in 2023 [5] - The company operates 68 plants in 19 countries and employs over 23,000 people [5]