O-I Glass, Inc. announced today that Owens-Brockway Glass Container Inc. (“OBGC”) and OI European Group B.V. (“OIEG” and, together with OBGC, the “Companies,” “we,” “us” and “our”), have commenced their concurrent, but separate, offers to purchase for cash any and all of the outstanding securities of each Company listed in the full release in (i) Table I (the “Dollar Notes”) and (ii) Table II (the “Euro Notes”).
We refer to the outstanding Notes listed in Table I and Table II below collectively as the “Notes” and to each series of outstanding debt securities as a “series” of Notes.
We refer to (i) OBGC’s offer to purchase the Dollar Notes as the “Dollar Notes Offer” and (ii) OIEG’s offer to purchase the Euro Notes as the “Euro Notes Offer.”
The Dollar Notes Offer and Euro Notes Offer are each an “Offer” and collectively the “Offers.” As of May 11, 2023, approximately USD 250 million aggregate principal amount of the Dollar Notes and EUR 725 million aggregate principal amount of the Euro Notes were outstanding.
Each Offer is made upon the terms and subject to the conditions set forth in the offer to purchase, dated May 11, 2023 (as may be amended or supplemented from time to time, the “Offer to Purchase”), and its accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery” and, together with the Offer to Purchase, the “Tender Offer Documents”). Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.
All documentation relating to the Offers, including the Offer to Purchase and the Notice of Guaranteed Delivery, together with any updates, are available from the Information Agent and the Tender Agent, as set forth below, and will also be available via the Offer Website: www.dfking.com/owens-brockway.