Owens-Brockway prices $500M 9.500% senior notes due 2033 to fund redemption of 2027 notes

O-I Glass, Inc. /DE/

OBGC priced $500M 9.500% senior notes due 2033 at par; net proceeds ~$495M.
Proceeds, plus revolver borrowings and cash, will redeem ~$612M of 6.625% notes due 2027.
Offering expected to close May 18, 2026; notes guaranteed by OI Group and certain subsidiaries.
Notes are unregistered, offered under Rule 144A and Regulation S.
Coupon 9.500% is higher than the 6.625% on the notes being redeemed, increasing interest expense.

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