Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers Tenders > Headlines for 2020 > News item |
O-I Glass to redeem all 4 7/8% notes, some 5% notes via new notes
By Sarah Lizee
Olympia, Wash., May 6 – O-I Glass, Inc. plans to redeem the remaining €118 million of OI European Group BV’s 4 7/8% notes due 2021 and a portion of Owens-Brockway Glass Container Inc.’s outstanding 5% senior notes due 2022 using proceeds from a new offering, according to a press release.
The company announced Wednesday that Owens-Brockway Glass Container plans to sell $500 million senior notes due 2027.
Proceeds from the offering will also be used to repay $105 million of outstanding borrowings under a bilateral term loan due 2021.
O-I Glass is a Perrysburg, Ohio-based glass container manufacturer.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.