Owens-Brockway Glass Container Inc. Commences Exchange Offer for Senior Notes Due 2009

Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc., announced that it has commenced a registered exchange offer to exchange $1,000,000,000 aggregate principal amount of its 8-7/8% Senior Notes due 2009 which have been registered under the Securities Act of 1933, as amended (the "Exchange Notes") for any and all of its outstanding 8-7/8% Senior Notes due 2009 which have not been registered under the Securities Act (the "Private Notes"). The sole purpose of the exchange offer is to fulfill the obligations of Owens-Brockway with respect to the registration of the Private Notes.Pursuant to a registration rights agreement entered into by Owens-Brockway in connection with the sale of the Private Notes, Owens-Brockway agreed to file with the Securities and Exchange Commission a registration statement relating to the exchange offer pursuant to which the Exchange Notes, containing substantially identical terms to the Private Notes, would be offered in exchange for Private Notes that are tendered by the holders of those notes. Any Private Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, but will not retain any rights under the registration rights agreement except in limited circumstances.

Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc., announced that it has commenced a registered exchange offer to exchange $1,000,000,000 aggregate principal amount of its 8-7/8% Senior Notes due 2009 which have been registered under the Securities Act of 1933, as amended (the "Exchange Notes") for any and all of its outstanding 8-7/8% Senior Notes due 2009 which have not been registered under the Securities Act (the "Private Notes").

The sole purpose of the exchange offer is to fulfill the obligations of Owens-Brockway with respect to the registration of the Private Notes.

Pursuant to a registration rights agreement entered into by Owens-Brockway in connection with the sale of the Private Notes, Owens-Brockway agreed to file with the Securities and Exchange Commission a registration statement relating to the exchange offer pursuant to which the Exchange Notes, containing substantially identical terms to the Private Notes, would be offered in exchange for Private Notes that are tendered by the holders of those notes.

Any Private Notes not tendered for exchange in the exchange offer will remain outstanding and continue to accrue interest, but will not retain any rights under the registration rights agreement except in limited circumstances.

600450 Owens-Brockway Glass Container Inc. Commences Exchange Offer for Senior Notes Due 2009 glassonweb.com

See more news about:

Others also read

Apogee Enterprises Inc. reported level sales but an increase in earnings for the third quarter of its fiscal 2003. Bloomington-based Apogee, which makes glass products and services, said the earnings increase was mainly the result of improvements in its architectural glass business.
William A. Wulfsohn, vice president and general manager of Nylon System for Honeywell International, has been named vice president of European coatings for PPG Industries (NYSE:PPG) and managing director of PPG Europe. "Bill will play a vital role in helping our European coatings businesses achieve their full potential," said Michael A.
Bystronic is to take over Armatec Vierhaus GmbH with effect from 1 January 2003. For Bystronic, a global supplier of system solutions for the manufacture of architectural and automotive glass, the takeover of Armatec, which specialises in laminated safety glass and handling systems, ideally complements the Bystronic portfolio.
Owens-Brockway Glass Container Inc., an indirect wholly-owned subsidiary of Owens-Illinois, Inc., (NYSE: OI) announced today that is has closed on the sale of $175 million principal amount of its 8-3/4% Senior Secured Notes due November 15, 2012.
The butterflies at Melbourne Zoo have gone upmarket with a new accommodation wing featuring Pilkington glass.
UCB reached an agreement with Solutia to acquire Solutia's Resins, Additives & Adhesives activity for $500 million, plus a $10 million exclusivity fee.

Add new comment