Loading…
Wednesday, April 16, 2014
Current Weather
Loading Current Weather....
Published: 5/25/2011

O-I subsidiaries enter $2 billion credit accord

BLADE STAFF AND NEWS SERVICES

Subsidiaries of Owens-Illinois Inc. have entered into a five-year, $2 billion credit agreement to refinance debt, the Perrysburg glass bottle maker said this week.

The agreement is for $1.1 billion in term loans and $900 million in revolving credit. Proceeds will be used to refinance a 2006 credit agreement that is to mature this year, as well as to redeem $400 million in senior notes due in 2014.



Guidelines: Please keep your comments smart and civil. Don't attack other readers personally, and keep your language decent. If a comment violates these standards or our privacy statement or visitor's agreement, click the "X" in the upper right corner of the comment box to report abuse. To post comments, you must be a Facebook member. To find out more, please visit the FAQ.

Related stories




Poll