secwatch.observer — SEC 8-K summary
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Issuer:     O-I Glass, Inc. /DE/ (OI)
CIK:        0000812074
Form:       8-K
Filed at:   2026-05-04T23:59:59+00:00
Accession:  0001104659-26-055011
Event type: debt
Sentiment:  neutral
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812074/000110465926055011/0001104659-26-055011-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812074/000110465926055011/tm2613300d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-26-055011

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer