Owens-Illinois to fund tender offer payment via revolver borrowings

By Tali Rackner

Norfolk, Va., Nov. 3 – Owens-Illinois Group, Inc. plans to use borrowings under its revolving credit facility to help fund the tender offer consideration for its tender offer for Owens-Brockway Glass Container Inc.'s outstanding 3% exchangeable senior notes due 2015, according to a press release.

The tender offer will end at 5 p.m. ET on Dec. 3.

Owens-Illinois is a Perrysburg, Ohio-based glass container maker.

© 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.