Owens-Illinois Inc., a Perrysburg company that is the world’s biggest manufacturer of glass bottles, is seeking $2 billion in loans to refinance bank debt.
The financing will include a $900 million multicurrency revolving line of credit due in 2016 and as much as $1.1 billion of term loans, including a $400 million delayed-draw tranche, according to a report by Moody’s Investors Service.
The debt, graded Baa2, will be raised by Owens-Brockway Glass Container Inc. and O-I’s European, Australian, and Canadian units, the report said.
Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. Comments that violate these standards, or our privacy statement or visitor's agreement, are subject to being removed and commenters are subject to being banned. To post comments, you must be a registered user on toledoblade.com. To find out more, please visit the FAQ.