Owens-Brockway completes exchange offer

Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc., completed two exchange offers on 27 May 2005. The Private Dollar Notes offer concerned the exchange of…

Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc., completed two exchange offers on 27 May 2005. The Private Dollar Notes offer concerned the exchange of USD 400,000,000 of its 6-3/4% Senior Notes due 2014 and registered under the Securities Act of 1933, for any and all of the outstanding USD 400,000,000 of its 6-3/4% Senior Notes due 2014 which have not been registered under the Act. The Private Euro Notes offer involved EUR 225,000,000 of its 6-3/4% Senior Notes due 2014 and registered under the Act, for any and all of the outstanding EUR 225,000,000 of its 6-3/4% Senior Notes due 2014 which have not been registered under the Act. Owens-Illinois informed that all of the outstanding USD 400,000,000 of the Private Dollar Notes, and EUR 222,500,000 of the outstanding EUR 225,000,000 of the Private Euro Notes, were tendered and received prior to expiry of the Exchange Offer at 5:00 p.m., New York City time, on 26 May 2005.