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Owens-Illinois’ OI European Group calls €250 million of 6¾% notes
By Rebecca Melvin
New York, July 3 – Owens-Illinois Group Inc. a subsidiary OI European Group BV will redeem €250 million of its 6¾% senior notes due 2020 on July 12, according to a company news release.
The notes will be redeemed at par plus a premium calculated in accordance with the terms of the notes and accrued and unpaid interest.
The company plans to fund the partial redemption with cash on hand and revolver borrowings, and following the redemption there will be €250 million principal amount of the issue remaining outstanding.
Owens-Illinois is a Perrysburg, Ohio-based glass container maker.
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