debt
confidence high
sentiment neutral
materiality 0.60
O-I Glass subsidiary OBGC launches $300M senior notes offering due 2032 to refinance 2025 notes
O-I Glass, Inc. /DE/
- Owens-Brockway Glass Container (OBGC) intends to offer $300M aggregate principal of senior notes due 2032 in a private placement.
- Proceeds, together with cash on hand, will redeem all of OBGC's outstanding 6.375% Senior Notes due 2025.
- Notes will be guaranteed by Owens-Illinois Group, Inc. and certain domestic subsidiaries.
- Offering is subject to market conditions and is made under Rule 144A and Regulation S.
- The refinancing extends near-term debt maturities but does not change total debt outstanding.