Owens-Illinois to fully repay euro term loan A facility via new notes

By Tali Rackner

Minneapolis, Dec. 5 – Owens-Illinois Group, Inc. plans to repay all amounts outstanding under its euro-denominated term loan A facility using the proceeds from a $310 million senior note offering and cash on its balance sheet, according to a press release.

The senior notes, which mature in 2023, will be issued in a private offering through indirect wholly owned subsidiary OI European Group BV.

Owens-Illinois is a Perrysburg, Ohio-based 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.