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O-I completes full allocation for 2nd round of Green Bond offerings

O-I Glass announced today that the company has completed full allocation of the proceeds from its second round of Green Bond offerings to advance the company’s climate-change strategy. In May of 2023, Owens-Brockway Glass Container Inc. and OI European Group B.V. launched private Green Bond offerings of USD 690 million and EUR 600 million, respectively.

The Green Bond proceeds were spent on Eligible Green Projects as defined in O-I’s Green Financing Framework, developed based on the Green Bond Principles and the Green Loan Principles.

The Company engaged Sustainalytics to provide a second-party opinion, which noted the Framework’s outlined Eligible Green Projects are “expected to deliver positive environmental impact” and are “credible from a transition perspective.”

The Green Bond proceed expenditures enriched O-I’s climate-change strategy through the following Eligible Green Projects: renewable energy reliance, energy efficiency, sustainable practices in water and waste-water management, environmentally friendly production technologies and processes, circular economy and environmentally friendly adapted products.

  • O-I completes full allocation of USD 690 Million due 2031, issued by Owens-Brockway Glass Container Inc.
  • O-I completes full allocation of EUR 600 Million due in 2028, issued by O-I European Group B.V.
  • Allocations mark another significant step forward in company climate-change strategy

To read the full report click here.

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