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Owens-Illinois to fully repay euro term loan A facility via new notes
By Tali Rackner
Minneapolis, Dec. 5 – Owens-Illinois Group, Inc. plans to repay all amounts outstanding under its euro-denominated term loan A facility using the proceeds from a $310 million senior note offering and cash on its balance sheet, according to a press release.
The senior notes, which mature in 2023, will be issued in a private offering through indirect wholly owned subsidiary OI European Group BV.
Owens-Illinois is a Perrysburg, Ohio-based glass container maker.
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