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Owens-Brockway: sale of private notes exceeds planned offering

Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc., sold USD 900 million of two-part notes in the 144A private placement market, market sources said on 29…

Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc., sold USD 900 million of two-part notes in the 144A private placement market, market sources said on 29 April 2003. The initial USD 800 million offering comprising USD 450 million aggregate principal amount of senior secured notes and USD 350 million aggregate principal amount of senior notes was made on 21 April 2003. The size of the deal was increased to USD 900 million from the original USD 800 million. Deutsche Bank Securities Inc., Banc of America Securities LLC and Citigroup were the joint lead managers for the eight-year note sale, the sources said. Deutsche Bank Securities Inc., Bank One Capital Markets and Citigroup were the joint lead managers for the 10-year note sale.

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