Owens-Brockway Glass Container Inc. Announces Extension of Exchange Offer

Date: 25 May 2005
Source: O-I

Date: 25 May 2005

Owens-Illinois, Inc. announced that Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc., has extended its pending offer to exchange (the "Exchange Offer") (1) $400 million aggregate principal amount of its 6-3/4% Senior Notes due 2014 (the "Exchange Dollar Notes") which have been registered under the Securities Act of 1933, as amended (the "Act"), for any and all of the outstanding $400 million aggregate principal amount of its 6-3/4% Senior Notes due 2014 which have not been registered under the Act (the "Private Dollar Notes") and (2) 225 million euros aggregate principal amount of its 6-3/4% Senior Notes due 2014 which have been registered under the Act (the "Exchange Euro Notes"), for any and all of the outstanding 225 million euros aggregate principal amount of its 6-3/4% Senior Notes due 2014 which have not been registered under the Act (the "Private Euro Notes" and together with the Private Dollar Notes, the "Private Notes"), which was scheduled to expire at 5:00 p.m., New York City time, on May 23, 2005, until 5:00 p.m., New York City time, on May 26, 2005, unless further extended.

Tenders with respect to $399,975,000 aggregate principal amount of the Private Dollar Notes, out of a total of $400,000,000 aggregate principal amount eligible to participate in the Exchange Offer, and tenders with respect to 220,445,000 euros aggregate principal amount of the Private Euro Notes, out of a 225,000,000 euros aggregate principal amount eligible to participate in the Exchange Offer, have been received to date.

This announcement is not an offer to exchange, or a solicitation of an offer to exchange, with respect to the Private Notes. The Exchange Offer is being made solely by the prospectus dated April 25, 2005, and the Exchange Offer, as extended hereby, remains subject to the terms and conditions stated therein.

600450 Owens-Brockway Glass Container Inc. Announces Extension of Exchange Offer glassonweb.com

See more news about:

Others also read

By targeting the most energy-intensive part of the glass production process, namely the melting of the glass, ZeroCO2Glas opens up the possibility of saving a particularly large amount of energy and greenhouse gases.
Şişecam, one of the top five global manufacturers in both glass packaging and flat glass sectors, will participate in the 29th Eurasia Packaging Fair which will take place from October 23-26 at the TÜYAP Fair and Congress Center.
SOTUVER and HORN complete successful cold repair of furnace No. 2 in Tunisia.
HORN has completed its biggest End Fired Furnace project in the company´s history with Turkish glass manufacturer Baştürk Cam.
Brazil-based brewing company Ambev is to build a sustainable container glass plant in Carambei in the state of Paraná, Brazil.
HORN‘s scope of supply includes the glass drain and the dismantling of the existing furnace.

Add new comment