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Owens-Illinois' European unit talks €500 million 10-year senior notes with 6¾% area yield
By Paul A. Harris
St. Louis, Sept. 9 - OI European Group BV, an indirect wholly owned subsidiary of Owens-Illinois Group Inc., talked its €500 million offering of 10-year senior notes with a 6¾% area yield, a market source said on Thursday.
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 its 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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