O-I Glass unit OI European to use new notes to pay down loan

By Mary-Katherine Stinson

Lexington, Ky., Nov. 8 – O-I Glass, Inc. announced that indirect wholly owned subsidiary OI European Group BV will use the proceeds from a new senior note offering plus cash on hand to repay a portion of its term loan A facility and to redeem in full its 4% senior notes due 2030, according to a release.

O-I Glass is a glass bottle and jar producer based in Perrysburg, Ohio.

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