Owens-Illinois unit marketing €500 million 10-year senior notes

By Paul A. Harris

St. Louis, Sept. 7 - OI European Group BV, an indirect wholly owned subsidiary of Owens-Illinois Group Inc., is holding a roadshow for a €500 million offering of 10-year senior notes, according to market sources.

The Rule 144A and Regulation S deal, which is being led by Citigroup and BNP Paribas, is expected to price on Friday following the conclusion of a Europe-only roadshow.

The Perrysburg, Ohio-based glass company intends to use the proceeds to repay Owens-Illinois Group's credit facility.

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