Owens-Brockway Glass Container Inc. Launches $500 Million Bond Offering

PERRYSBURG, Ohio, May 06, 2020 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OB Glass”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, $500 million aggregate principal amount of senior notes due 2027 in a private offering to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”). OB Glass’s obligations under the senior notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (“OI Group”) and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group’s credit agreement.

OB Glass intends to use the net proceeds received from this offering to (i) redeem the remaining €118 million aggregate principal amount (approximately $130 million based on the March 31, 2020 exchange rate of €1.00 = $1.101) of the outstanding 4.875% Senior Notes due 2021 issued by OI European Group B.V. (“OI Europe”) and (ii) repay $105 million of outstanding borrowings under a bilateral term loan due 2021, with the remaining net proceeds to be used to redeem a portion of OB Glass’s outstanding 5.000% Senior Notes due 2022.

The senior notes and the guarantees have not been registered under the Securities Act, or applicable state securities laws, and will be offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the senior notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the senior notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.

The information contained in this news release is for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy the senior notes or the guarantees, nor shall there be any sale of the senior notes and the guarantees in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

This announcement contains inside information by OI Group and OI Europe under Regulation (EU) 596/2014 (16 April 2014).

About O-I

At O-I Glass, Inc. (NYSE: OI), we love glass and we’re proud to make more of it than any other glass bottle or jar producer in the world. We love that it’s beautiful, pure and completely recyclable. With global headquarters in Perrysburg, Ohio, we are the preferred partner for many of the world’s leading food and beverage brands. Working hand and hand with our customers, we give our passion and expertise to make their bottles iconic and help build their brands around the world. With more than 27,500 people at 78 plants in 23 countries, O-I has a global impact, achieving revenues of $6.7 billion in 2019.

13.05.2020, O-I Glass, Inc.

Die auf dieser Seite veröffentlichten Nachrichten unterliegen dem Urheberrecht und sind Eigentum der entsprechenden Firma bzw. der Nachrichten-Quelle. Alle Rechte sind ausdrücklich vorbehalten. Jeder Nutzer, der sich Zugang zu diesem Material zugänglich macht, tut dies zu seinem persönlichen Gebrauch und die Nutzung dieses Materials unterliegt seinem alleinigen Risiko. Die Weiterverteilung und jegliche andere gewerbliche Verwertung des vorliegenden Nachrichtenmaterials ist ausdrücklich untersagt. In den Fällen, in denen solches Nachrichtenmaterial durch eine dritte Partei beigestellt wurde, erklärt jeder Besucher sein Einverständnis, die speziellen zutreffenden Nutzungsbedingungen anzuerkennen und sie zu respektieren. Wir garantieren oder bürgen nicht für die Genauigkeit oder die Zuverlässigkeit von irgendwelchen Informationen, die in den veröffentlichten Nachrichten enthalten sind, oder auch in Webseiten auf die hier Bezug genommen wird.

Sollte der Inhalt oder die Aufmachung dieser Seiten fremde Rechte Dritter oder gesetzliche Bestimmungen verletzen, so bitten wir um eine entsprechende Nachricht ohne Kostennote. Ich garantiere, dass die zu Recht beanstandeten Passagen unverzüglich entfernt werden, ohne dass von Ihrer Seite die Einschaltung eines Rechtsbeistandes erforderlich ist. Dennoch von Ihnen ohne vorherige Kontaktaufnahme ausgelöste Kosten werden wir vollumfänglich zurückweisen und gegebenenfalls Gegenklage wegen Verletzung vorgenannter Bestimmungen einreichen.