Owens-Illinois announces €600 million eight-year notes offering

By Paul A. Harris

Portland, Ore., Oct. 27 – Owens-Illinois Group, Inc. announced in a Thursday press release that it intends to sell €600 million of senior notes due 2024 via Rule 144A and Regulation S.

The glass container manufacturer, which is based in Perrysburg, Ohio, and Schiedam, Netherlands, plans to use the proceeds to repay its outstanding term loan B, which had $568 million outstanding as of Sept. 30, 2016, and for general corporate purposes.

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