March 04, 2015 9:57 PM ET

Containers and Packaging

Company Overview of Owens-Brockway Glass Container, Inc.

Company Overview

Owens-Brockway Glass Container Inc. manufactures and sells glass container products. The company primarily offers glass containers for the food and beverage industries. It principally operates in Europe, North America, South America, and the Asia Pacific. The company is based in Perrysburg, Ohio. Owens-Brockway Glass Container Inc. is a subsidiary of Owens-Brockway Packaging, Inc.

One Michael Owens Way

Perrysburg, OH 43551

United States

22,500 Employees

Phone:

567-336-5000

Key Executives for Owens-Brockway Glass Container, Inc.

President
Age: 83
Chairman of Owens-Illinois Inc, Chief Executive Officer of Owens-Illinois Inc and President of Owens-Illinois Inc
Age: 66
Compensation as of Fiscal Year 2014.

Owens-Brockway Glass Container, Inc. Key Developments

Owens-Brockway Glass Container, Inc. Completes Offering of $500,000,000 5.000% Senior Notes Due 2022

On December 3, 2014, Owens-Brockway Glass Container Inc. (OBGC), a Delaware corporation and an indirect wholly-owned subsidiary of Owens-Illinois Group, Inc. (the Company), completed an offering of $500,000,000 5.000% Senior Notes due 2022 (the 2022 Senior Notes) and $300,000,000 5.375% Senior Notes due 2025 (the 2025 Senior Notes and, together with the 2022 Senior Notes, the Senior Notes). The Senior Notes were offered and sold to the initial purchasers in reliance on the exemption from registration provided by Section 4(2) of the Securities Act of 1933, as amended (the Securities Act). The initial purchasers then sold the Senior Notes to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside of the United States in reliance on Regulation S under the Securities Act. The Senior Notes are governed by an Indenture dated as of December 3, 2014, by and among OBGC, the guarantors party thereto, including the Company, and U.S. Bank National Association, as trustee.

Owens-Brockway Glass Container Inc. Launches Private Offering of $700 Million of Senior Notes

Owens-Illinois, Inc. announced that Owens-Brockway Glass Container Inc. intends to offer, subject to market and other conditions, a total of $700 million aggregate principal amount of senior notes due 2022 and senior notes due 2025 in a private offering to eligible purchasers under Rule 144A and Regulation S of the Securities Act of 1933, as amended. OBGC's obligations under the senior notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. and an indirect parent of OBGC, and the domestic subsidiaries of OI Group that are guarantors under OI Group's credit agreement. OBGC expects to use a portion of the net proceeds from the senior notes offering to fund the purchase of its 3.00% Exchangeable Senior Notes due 2015, approximately $628.7 million aggregate principal amount outstanding as of October 30, 2014, pursuant to the cash tender offer by OI Group.

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