Owens-Brockway plans $500 million senior notes offering due 2033

Owens-Brockway Glass Container Inc., a subsidiary of O-I Glass Inc. (NYSE: OI), announced plans to offer $500 million in senior notes due 2033 through a private placement to qualified institutional buyers.

The offering will be conducted under Rule 144A and Regulation S of the Securities Act of 1933. Owens-Illinois Group Inc. and certain U.S. domestic subsidiaries will guarantee the notes on a joint and several basis.

The company stated it expects to use proceeds from the offering, along with borrowings from its revolving credit facility and available cash, to redeem all outstanding 6.625% Senior Notes due 2027.

The notes have not been registered under the Securities Act and will only be offered to qualified institutional buyers and certain non-U.S. persons in transactions outside the United States.

O-I Glass, headquartered in Perrysburg, Ohio, operates as a glass bottle and jar producer with approximately 19,000 employees across 61 plants in 18 countries. The company reported net sales of $6.4 billion in 2025.

The announcement noted that the information is for informational purposes only and does not constitute a notice of redemption for the 2027 notes or an offer to sell securities.

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