OI European Group Plans To Offer Euro 500 Mln Of Senior Notes In Private Offering - Quick Facts

Date: 7 September 2010
Source: OI
OI European Group B.V., an indirect wholly owned subsidiary of Glass packaging maker Owens-Illinois Group Inc. (OI: News ), said it plans to offer euro 500 million aggregate principal amount of senior notes due 2020 in a private offering.

Meanwhile, OI European Group anticipates to use the net proceeds received from this offering to repay borrowings under Owens-Illinois Group Inc.'s revolving credit facility and for general corporate purposes, including funding Owens-Illinois Group's strategic priorities.  Read more here.OI European Group B.V., an indirect wholly owned subsidiary of Glass packaging maker Owens-Illinois Group Inc. (OI: News ), said it plans to offer euro 500 million aggregate principal amount of senior notes due 2020 in a private offering.
 
Meanwhile, OI European Group anticipates to use the net proceeds received from this offering to repay borrowings under Owens-Illinois Group Inc.'s revolving credit facility and for general corporate purposes, including funding Owens-Illinois Group's strategic priorities.
 
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