Owens-Illinois to use note proceeds to repay some revolver borrowings

By Angela McDaniels

Tacoma, Wash., March 20 – Owens-Illinois Group, Inc. expects to repay a portion of its outstanding revolving credit facility borrowings, according to a company news release.

The company expects to fund the repayment with the proceeds of €200 million of 3.125% senior notes due 2024 to be issued by subsidiary OI European Group BV.

Owens-Illinois makes glass containers and is based in Perrysburg, Ohio, and Schiedam, the Netherlands.

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