Owens-Illinois, Inc. : OI EUROPEAN GROUP B.V. LAUNCHES PRIVATE OFFERING OF
€300 MILLION OF SENIOR NOTES
FOR IMMEDIATE RELEASE
OI EUROPEAN GROUP B.V. LAUNCHES PRIVATE OFFERING OF
€300 MILLION OF SENIOR NOTES
Perrysburg, Ohio / Schiedam, The Netherlands (March 19, 2013) - OI European
Group B.V., an indirect wholly owned subsidiary of Owens-Illinois Group, Inc.,
today announced that it intends to offer, subject to market and other
conditions, €300 million aggregate principal amount of Senior Notes due 2021
OI European Group B.V. expects to use the net proceeds of the offering and
cash on hand to redeem its outstanding €300 million 6.875% Senior Notes due
The Notes and the guarantees thereof have not been registered under the
Securities Act of 1933, as amended (the "Securities Act"), or applicable state
securities laws. Accordingly, the Notes will be offered only to qualified
institutional buyers and to persons outside the United States in reliance on
Rule 144A and Regulation S under the Securities Act, respectively. Unless so
registered, the Notes may not be offered or sold in the United States except
pursuant to an exemption from the registration requirements of the Securities
Act and applicable state securities laws. Prospective purchasers that are
qualified institutional buyers are hereby notified that the seller of the
Notes may be relying on the exemption from the provisions of Section 5 of the
Securities Act provided by Rule 144A.
This news release shall not constitute an offer to sell or the solicitation of
an offer to buy these securities, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under the
securities laws of any such state.
Forward Looking Statements
This news release contains "forward looking" statements within the meaning of
Section 21E of the Securities Exchange Act of 1934 and Section 27A of the
Securities Act. Forward looking statements reflect current expectations and
projections about future events at the time, and thus involve uncertainty and
risk. It is possible that future financial performance may differ from
expectations due to a variety of risks and other factors such as those
described in Owens-Illinois Group, Inc.' s Form 10-K for the year ended
December 31, 2012, filed with the U.S. Securities and Exchange Commission on
February 13, 2013. It is not possible to foresee or identify all such factors.
Any forward-looking statements in this news release are based on certain
assumptions and analyses made in light of Owens-Illinois Group, Inc.'s
experience and perception of historical trends, current conditions, expected
future developments and other factors it believes are appropriate in the
circumstances. Forward looking statements are not a guarantee of future
performance and actual results or developments may differ materially from
expectations. While Owens-Illinois Group, Inc. continually reviews trends and
uncertainties affecting its results of operations and financial condition,
Owens-Illinois Group, Inc. does not intend to update any particular
forward-looking statements contained in this news release.
SOURCE: Owens-Illinois Group, Inc.
"Safe Harbor" Statement under the Private Securities Litigation Reform Act of
1995: Statements in this press release regarding Owens-Illinois Group, Inc.'s
business which are not historical facts are "forward looking statements" that
involve risks and uncertainties. For a discussion of such risks and
uncertainties, which could cause actual results to differ from those contained
in the forward-looking statements, see "Risk Factors" in Owens-Illinois Group,
Inc.'s Annual Report or Form 10-K for the most recently ended fiscal year.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Owens-Illinois, Inc. via Thomson Reuters ONE
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