Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers O > Headlines for Owens-Illinois Inc. > News item |
Owens-Brockway starts tender for Owens-Illinois 7.85% notes
New York, April 29 - Owens-Brockway Glass Container Inc. said it began the previously announced cash tender offer for all $300 million principal amount of Owens-Illinois, Inc.'s 7.85% senior notes due 2004.
In connection with the tender, Owens-Brockway is also soliciting consents to amend the note indenture to eliminate some covenants and events of default.
Holders who tender will receive $1,045 in cash per $1,000 of notes accepted for payment plus accrued interest up to but excluding the date the notes are accepted.
The offer expires at 11.59 p.m. ET on May 23 unless extended or terminated.
Owens-Brockway Glass Container Inc. is an indirect wholly owned subsidiary of Owens-Illinois.
Deutsche Bank Securities Inc. (800 553-2826) is the dealer manager and solicitation agent and MacKenzie Partners, Inc. (800 322-2885) is the information agent.
© 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.