Loan & DebtMay 4, 2026, 09:20 AM
O-I Glass subsidiary to offer $500M senior notes due 2033
AI Summary
O-I Glass, Inc. announced that its indirect wholly owned subsidiary, Owens-Brockway Glass Container Inc. (OBGC), plans to offer $500 million in senior notes due 2033 through a private offering. The proceeds from this offering, combined with funds from the company's revolving credit facility and cash on hand, will be used to redeem OBGC's outstanding 6.625% Senior Notes due 2027. The new notes will be guaranteed by Owens-Illinois Group, Inc. and certain U.S. domestic subsidiaries.
Key Highlights
- O-I Glass subsidiary, OBGC, intends to offer $500 million senior notes due 2033.
- Proceeds from the offering will be used to redeem OBGC's 6.625% Senior Notes due 2027.
- The new notes will be offered in a private offering to eligible purchasers.
- OBGC's obligations under the notes will be guaranteed by OI Group and certain subsidiaries.
- O-I Glass reported net sales of $6.4 billion in 2025.
- The company operates 61 plants across 18 countries with approximately 19,000 employees.
Price Impact
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