OI European Group B.V., an indirect wholly owned subsidiary of glass packaging maker Owens-Illinois Group Inc., has announced that it plans to offer EUR 500 million aggregate principal amount of senio…
OI European Group B.V., an indirect wholly owned subsidiary of glass packaging maker Owens-Illinois Group Inc., has announced that it plans to offer EUR 500 million aggregate principal amount of senior notes due 2020 in a private offering. The Group also anticipates that it will use the net proceeds received from this offering to repay borrowings under Owens-Illinois Group Inc.“s revolving credit facility, as well as for general corporate purposes, including funding Owens-Illinois Group“s strategic priorities.