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Owens-Illinois, Inc. Completes Cash Tender Offer

The company announced the results of its previously announced tender offer.

Owens-Illinois, Inc. announced today the results of its previously announced tender offer to purchase for cash any and all of its outstanding 7.80% Senior Debentures due 2018 (the “Debentures”).

As of 5:00 p.m., New York City time, on March 14, 2017 (the “Expiration Time”), $227,664,000 aggregate principal amount of the Debentures were validly tendered and not validly withdrawn, or 91.07% of the principal amount of the outstanding Debentures. This amount excludes $864,000 of Debentures tendered in accordance with guaranteed delivery procedures, which must be delivered by the Guaranteed Delivery Date as set forth in the Offer Documents (as defined below) to be validly tendered.

The Company expects to accept for payment all such Debentures validly tendered and not validly withdrawn on or prior to the Expiration Time for a total cash payment of $249,936,369, which amount includes accrued and unpaid interest and which excludes payment for Debentures delivered under the guaranteed delivery procedures. Payment for any Debentures validly tendered and not validly withdrawn on or prior to the Expiration Time is expected to occur on March 15, 2017. Payment for Debentures delivered under the guaranteed delivery procedures is expected to occur on March 17, 2017.

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