O-I Glass refinances $2.7 billion credit agreement, maturities extended to 2030 and 2032
On September 30, 2025, a subsidiary of O-I Glass entered into a new credit agreement that fully refinances its prior 2022 facility, providing up to $2.7 billion of term loans and a revolving credit facility. The filing says the proceeds at closing were used to refinance prior debt and pay fees, and it sets out covenants, a secured leverage ratio test, and interest margins tied to leverage.
Key points
- Up to $2.7 billion of borrowings under term loans A, term loans B and a revolving credit facility
- Term loans A and the revolving facility mature in September 2030; term loans B mature in September 2032
- Loans are secured by certain collateral; margins range from 1.00% to 1.75% (Term SOFR) for term loans A and revolver, and 3.00% for term loans B
- Covenants restrict liens, investments, restricted payments and asset sales; a secured leverage ratio applies
The filing
Written by AI on Nov 8, 2026, 6:59 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 01, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.