O-I Glass, Inc. /DE/ 8-K

What Happened On May 18, 2026, Owens‑Brockway Glass Container Inc. (OBGC), an indirect wholly owned subsidiary of O‑I Glass, Inc., completed a private offering of $500 million aggregate principal amount of 9.500% Senior Notes due 2033 to eligible purchasers under Rule 144A and Regulation S. The Notes are fully and unconditionally guaranteed, on a joint and several basis, by Owens‑Illinois Group, Inc. (OI Group) and certain U.S. domestic subsidiaries that are guarantors under OI Group’s credit agreement. The Indenture governing the Notes, dated May 18, 2026, names Regions Bank as trustee and is attached as Exhibit 4.1 to the filing.

Key Details

• $500,000,000 aggregate principal amount of Senior Notes issued.
• 9.500% interest rate (coupon); maturity in 2033.
• Private offering to qualified purchasers under Rule 144A and Regulation S.
• Notes are jointly and severally guaranteed by OI Group and certain U.S. domestic subsidiary guarantors; Indenture included as Exhibit 4.1.

Why It Matters This filing represents a material debt financing: O‑I (through OBGC) has added $500M of fixed‑rate debt that will carry a 9.50% interest cost until 2033 and is recorded as a direct financial obligation. Investors should note the size, coupon and maturity when evaluating the company’s capital structure, interest expense and liquidity. The full Indenture (Exhibit 4.1) contains the detailed terms, covenants and guarantees and is the definitive source for assessing any restrictions or obligations created by this borrowing.