OI European Group B.V., an indirect wholly owned subsidiary of Glass packaging maker Owens-Illinois Group Inc. (OI), said it plans to offer euro 500 million aggregate principal amount of senior notes due 2020 in a private offering.
Meanwhile, OI European Group anticipates to use the net proceeds received from this offering to repay borrowings under Owens-Illinois Group Inc.'s revolving credit facility and for general corporate purposes, including funding Owens-Illinois Group's strategic priorities.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.