O-I European Group has announced that it intends to offer EUR 300 million aggregate principal amount of Senior Notes due 2021, subject to market and other conditions.
O-I European Group B.V., an indirect wholly owned subsidiary of Owens-Illinois Group, Inc., has announced that it intends to offer, subject to market and other conditions, EUR 300 million aggregate principal amount of Senior Notes due 2021.
O-I European Group B.V. expects to use the net proceeds of the offering and cash on hand to redeem its outstanding EUR 300 million 6.875% Senior Notes due 2017.
The Notes and the guarantees thereof have not been registered under the Securities Act of 1933, as amended, or applicable state securities laws. Accordingly, the Notes will be offered only to qualified institutional buyers and to persons outside the US in reliance on Rule 144A and Regulation S under the Securities Act, respectively. Unless so registered, the Notes may not be offered or sold in the US except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on the exemption from the provisions of Section 5 of the Securities Act provided by Rule 144A.