Owens-Brockway Glass Container Inc. Announces Pricing of Senior Notes Offering

Core Viewpoint - O-I Glass, Inc. announced a private offering of $300 million in senior notes by its subsidiary, Owens-Brockway Glass Container Inc., with the proceeds primarily aimed at redeeming existing senior notes due in 2025 [1][2]. Group 1: Offering Details - The offering consists of$300 million aggregate principal amount of 7.375% senior notes due 2032, priced at par [1]. - The net proceeds from the offering are expected to be approximately $297 million after deducting commissions [1]. - The offering is anticipated to close on May 30, 2024, subject to customary closing conditions [1]. Group 2: Use of Proceeds - OBGC plans to use the net proceeds from the offering to redeem all outstanding 6.375% Senior Notes due 2025 [2]. Group 3: Regulatory Information - The notes and guarantees are not registered under the U.S. Securities Act and are offered only to qualified institutional buyers and certain non-U.S. persons [3].