Owens-Illinois intends to pay down revolver using note proceeds

By Jennifer Chiou

New York, Sept. 7 - Owens-Illinois Group, Inc.'s indirect wholly owned subsidiary, OI European Group BV, plans to apply proceeds from its proposed private offering of €500 million of senior notes to the repayment of borrowings under Owens-Illinois' revolving credit facility.

Remaining proceeds will be used for general corporate purposes.

Perrysburg, Ohio-based Owens-Illinois is a 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.