debt
confidence high
sentiment neutral
materiality 0.55
OI European Group B.V. launches €400M senior notes offering to refinance €500M 2025 notes
O-I Glass, Inc. /DE/
- €400M aggregate principal of senior notes due 2029 offered by OI European Group B.V., guaranteed by OI Group and certain U.S. subsidiaries.
- Net proceeds plus cash to fund tender offer for any and all €500M 2.875% Senior Notes due 2025.
- Tender offer price: €992.50 per €1,000 principal plus accrued interest; expires May 23, 2024, subject to financing condition.
- Also exploring potential USD-denominated senior notes offering by Owens-Brockway Glass Container Inc. (no assurances given).