debt
confidence high
sentiment neutral
materiality 0.50
OI Glass subsidiary prices €500M 5.250% senior notes, upsized from €400M
O-I Glass, Inc. /DE/
- €500M aggregate principal of 5.250% senior notes due 2029 priced at par; upsized by €100M.
- Net proceeds ~€494M ($532M) to fund tender offer for outstanding €500M 2.875% notes due 2025.
- Closing expected May 28, 2024, subject to customary conditions.
- Notes guaranteed by OI Glass and certain U.S. subsidiaries.