Containers and Packaging
Company Overview of Owens-Brockway Glass Container, Inc.
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. operates as a subsidiary of Owens-Brockway Packaging, Inc.
One Michael Owens Way
Perrysburg, OH 43551
Key Executives for Owens-Brockway Glass Container, Inc.
Chairman of Owens-Illinois Inc, Chief Executive Officer of Owens-Illinois Inc and President of Owens-Illinois Inc
Compensation as of Fiscal Year 2015.
Owens-Brockway Glass Container, Inc. Key Developments
Owens-Brockway Glass Container, Inc. Elects to Redeem the Entire Outstanding Principal Amount of its 7.375% Senior Notes Due 2016 on September 17, 2015
Sep 3 15
On September 1, 2015, Owens-Brockway Glass Container Inc. notified U.S. Bank National Association that the company has elected to redeem the entire outstanding principal amount of its 7.375% senior notes due 2016 on September 17, 2015, pursuant to the Indenture, dated as of May 12, 2009, by and among OBGC, the guarantors named therein, including OI Group, and the Trustee. In accordance with the terms of the Indenture, holders of the Notes will receive accrued and unpaid interest on the redemption amount plus the greater of: 100% of the redemption amount and the present value as of the redemption date (discounted from the scheduled payment date) of 100% of the redemption amount plus the remaining scheduled payments of interest from the Redemption Date through May 15, 2016 (but excluding accrued and unpaid interest to the Redemption Date) computed using a discount rate equal to the Treasury Rate plus 50 basis points.
Owens-Brockway Glass Container, Inc. Completes Private Offering of $100 Million Principal Amount of Senior Notes Due 2023 and Senior Notes Due 2025
Aug 24 15
On August 24, 2015, Owens-Brockway Glass Container Inc. (‘OBGC’) completed a private offering of $700,000,000 5.875% Senior Notes due 2023 (the ‘2023 Senior Notes’) and $300,000,000 6.375% Senior Notes due 2025 (the ‘2025 Senior Notes’ and, together with the 2023 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 August 24, 2015, by and among OBGC, the guarantors party thereto, including the Company, and U.S. Bank National Association, as trustee.
Owens-Brockway Glass Container Inc. Intends to Offer a Total of $1.0 Billion Aggregate Principal Amount of Senior Notes Due 2023 and Senior Notes Due 2025
Aug 11 15
Owens-Illinois, Inc. announced that Owens-Brockway Glass Container Inc., (OBGC), an indirect wholly owned subsidiary of OI Inc., intends to offer, subject to market and other conditions, a total of $1.0 billion aggregate principal amount of senior notes due 2023 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 (the Securities Act). OBGC's obligations under the senior notes will be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. (OI Group), a direct wholly owned subsidiary of OI 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 the net proceeds from the private offering to fund, in part, its previously announced acquisition of the food and beverage glass containers business of Vitro, S.A.B. de C.V. and its subsidiaries as conducted in the United States, Mexico and Bolivia and to pay related fees and expenses. The private offering of senior notes will be consummated prior to the consummation of the Vitro Acquisition. Concurrently with the closing of the private offering, the gross proceeds from the sale of the senior notes will be deposited into an escrow account until the consummation of the Vitro Acquisition.
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