debt
confidence high
sentiment neutral
materiality 0.60
OI Glass sub Owens-Brockway prices $300M 7.375% notes due 2032 to refinance 2025 debt
O-I Glass, Inc. /DE/
- $300M aggregate principal of 7.375% senior notes due 2032 priced at par; net proceeds ~$297M.
- Proceeds to redeem all $300M outstanding 6.375% Senior Notes due 2025.
- Offering expected to close May 30, 2024; guaranteed by Owens-Illinois Group and certain domestic subs.
- Notes offered in private placement to QIBs and non-U.S. persons under Rule 144A/Reg S.