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Prospect News home > News index > List of issuers O > Headlines for Owens-Illinois Group Inc. > News item
Published on 3/19/2013 in the Prospect News High Yield Daily and Prospect News Liability Management Daily.

Owens-Illinois unit to redeem 6 7/8% notes with new offering proceeds

By Tali David

Minneapolis, March 19 - OI European Group BV intends to use the proceeds of a new senior note offering and cash on hand to redeem its outstanding €300 million of 6 7/8% senior notes due 2017, according to a company news release.

OI European Group is an indirect wholly owned subsidiary of Owens-Illinois Group, Inc., a Perrysburg, Ohio-based glass container maker.


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