O-I Glass Boosts Private Notes Offering to €500 Million

O-I Glass (OI) just unveiled an update.

O-I Glass, Inc.’s indirect subsidiary, OI European Group B.V., successfully increased its private senior notes offering to €500 million at a 5.250% interest rate, with the notes maturing in 2029. This represents a €100 million increase from the initial offer, indicating strong market interest. The transaction is set to be finalized by May 28, 2024, provided all standard closing conditions are met. This financial move demonstrates the company’s proactive approach to capital management and investor confidence amid a landscape of economic and operational challenges.

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