Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc. , announced that it has completed its offer to exchange (the "Exchange Offer") any and all of its outstanding 8-3/4% Senior Secured Notes due 2012 (the "Old Notes") for 8-3/4% Senior Secured Notes due 2012 (the "Exchange Notes") that have been registered under the Securities Act of 1933, as amended.
All of the $625,000,000 aggregate principal amount of the Old Notes were tendered and received prior to expiration of the Exchange Offer at 5:00 p.m., New York City time, on April 10, 2003.
This announcement is not an offer to exchange, or a solicitation of an offer to exchange, with respect to the Old Notes. The Exchange Offer was made solely by means of a written prospectus dated March 13, 2003.