October 21, 2016 10:58 AM ET

Containers and Packaging

Company Overview of Owens Illinois Group Inc.

Company Overview

Owens-Illinois Group, Inc., through its subsidiaries, manufactures and sells glass containers primarily in Europe, North America, Latin America, and the Asia Pacific. The company offers glass containers in various sizes, shapes, and colors for alcoholic beverages, including beer, flavored malt beverages, spirits, and wine, as well as food items, soft drinks, teas, juices, and pharmaceuticals. Owens-Illinois Group, Inc. sells its products directly to customers, as well as through distributors in rigid packaging market. The company was founded in 1903 and is headquartered in Perrysburg, Ohio. Owens-Illinois Group, Inc. operates as a subsidiary of Owens-Illinois, Inc.

One Michael Owens Way

Perrysburg, OH 43551

United States

Founded in 1903

27,000 Employees



Key Executives for Owens Illinois Group Inc.

Chairman and Chief Executive Officer
Age: 53
President, Chief Financial Officer and Director
Age: 59
Vice President, Secretary and Director
Age: 65
Vice President and Director
Age: 53
Compensation as of Fiscal Year 2016.

Owens Illinois Group Inc. Key Developments

Owens-Illinois Group, Inc. Enters into Amendment No. 2 in Respect of its Amended and Restated Credit Agreement and Syndicated Facility Agreement

In connection with the closing of the Vitro Acquisition, on September 1, 2015, Owens-Illinois Group Inc. and certain of its direct and indirect subsidiaries entered into amendment No. 2 in respect of its amended and restated credit agreement and syndicated facility agreement, dated April 22, 2015, by and among OI Group and certain of its direct and indirect subsidiaries, Deutsche Bank AG, New York Branch, as Administrative Agent, Owens-Illinois General Inc., as Borrowers' Agent and the other Agents, Arrangers and Lenders named therein. The credit agreement amendment provides for additional incremental availability under the dollar cap in the credit agreement of up to $1,250 million. In addition, in connection with the closing of the Vitro Acquisition, on September 1, 2015, OI Group and certain of its direct and indirect subsidiaries entered into the first incremental amendment to the credit agreement. The incremental amendment included $1,250 million of senior secured incremental term loan facilities, comprised of a $675 million term loan A facility subject to substantially the same terms and conditions (including as to maturity) as the term loan A facility in the credit agreement and a $575 million term loan B facility maturing seven years after the closing of the Vitro Acquisition using capacity under the credit agreement. The interest rate on the incremental term loan B facility is, at OI Group's option, the Base Rate or the Eurocurrency Rate, as defined in the Credit Agreement, plus an applicable margin. The applicable margin for the term loan B facility is 2.75% for Eurocurrency Rate loans and 1.75% for Base Rate loans. The incremental term loan B facility is subject to a LIBOR floor of 0.75%. The Incremental Amendment obliges OI Group to make mandatory prepayments with excess cash flow, on an annual basis commencing with excess cash flow for the fiscal year ending December 31, 2016, on the terms and subject to the conditions set forth in the credit agreement.

Similar Private Companies By Industry

Company Name Region
3C Packaging, Inc. United States
A & B Plastics Inc. United States
A H P Inc United States
A Specialty Box, LLC United States
A&H Mfg. Co., LLC United States

Recent Private Companies Transactions

No transactions available in the past 12 months.

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
The Advertising Council, Inc. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Owens Illinois Group Inc., please visit www.o-i.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.