Loan & DebtMay 18, 2026, 04:13 PM
O-I Glass Subsidiary OBGC Issues $500M Senior Notes Due 2033
AI Summary
Owens-Brockway Glass Container Inc. (OBGC), an indirect wholly owned subsidiary of O-I Glass, Inc., completed a private offering of $500 million aggregate principal amount of 9.500% Senior Notes due 2033. The Notes were offered to eligible purchasers under Rule 144A and Regulation S. Owens-Illinois Group, Inc. and certain U.S. domestic subsidiaries of OI Group fully and unconditionally guarantee the Notes.
Key Highlights
- Owens-Brockway Glass Container Inc. (OBGC) completed a private offering of $500 million aggregate principal amount of Senior Notes.
- The Notes carry an interest rate of 9.500% and are due in 2033.
- The offering was made to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act.
- The Notes are fully and unconditionally guaranteed by Owens-Illinois Group, Inc. (OI Group) and certain U.S. domestic subsidiaries.
- The terms of the Notes are detailed in an Indenture dated May 18, 2026, with Regions Bank as trustee.
Price Impact
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