Owens-Brockway Glass Container starts exchange offer

Under the offer, it will exchange $400 million of its 6-3/4 percent senior notes due 2014 registered under the Securities Act of 1933, for any and all of the outstanding $400 million of its 6-3/4 percent senior notes due 2014 which have not been registered under the Securities Act.Also Owens-Brockway will exchange 225 million euros of its 6-3/4 percent senior notes due 2014 registered under the Securities Act for any and all of the outstanding 225 million euros of its 6-3/4 percent senior notes due 2014 which have not been registered under the Securities Act.The sole purpose of the exchange offer is to fulfill Owens-Brockway's obligations with respect to the registration of the private notes, the company said.Owens-Illinois, Inc. said on Monday that its subsidiary Owens-Brockway Glass Container Inc. had commenced an exchange offer.
Under the offer, it will exchange $400 million of its 6-3/4 percent senior notes due 2014 registered under the Securities Act of 1933, for any and all of the outstanding $400 million of its 6-3/4 percent senior notes due 2014 which have not been registered under the Securities Act.

Also Owens-Brockway will exchange 225 million euros of its 6-3/4 percent senior notes due 2014 registered under the Securities Act for any and all of the outstanding 225 million euros of its 6-3/4 percent senior notes due 2014 which have not been registered under the Securities Act.

The sole purpose of the exchange offer is to fulfill Owens-Brockway's obligations with respect to the registration of the private notes, the company said.