O-I Glass unit completes $500 million offering of 9.500% senior notes due 2033
On May 18, 2026, Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of O-I Glass, completed a private offering of $500 million in 9.500% Senior Notes due 2033. The notes are guaranteed by Owens-Illinois Group and certain of its U.S. subsidiaries, and the company is adding this debt to its obligations. Shareholders may want to note the new borrowing and its fixed 9.500% interest rate, as the filing does not describe how the proceeds will be used.
Key points
- Principal amount: $500 million of 9.500% Senior Notes due 2033, sold under Rule 144A and Regulation S
- Issuer: Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of O-I Glass, Inc.
- Guarantors include Owens-Illinois Group, Inc. and certain U.S. subsidiaries that guarantee its credit agreement
- Indenture dated May 18, 2026, with Regions Bank as trustee, filed as Exhibit 4.1
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 May 18, 2026.
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.