TOLEDO, Ohio, July 12 /PRNewswire-FirstCall/ -- Owens-Brockway Glass Container Inc., an indirect wholly owned subsidiary of Owens-Illinois, Inc. , today announced that it has successfully completed its partial tender offer for its 8-7/8 % Senior Secured Notes due 2009 (the "Notes").
As of 5:00 p.m., New York City time, on July 11, 2006, holders of Notes had tendered $827,474,000 in aggregate principal amount of the Notes. Owens- Brockway Glass Container Inc. purchased $100,000,000 principal amount of the Notes, or 12.1% of the aggregate principal amount of Notes tendered, for a total price of $103,998,110, including $3,998,110 of premiums, subject to the terms and conditions of the tender offer. Owens-Brockway Glass Container Inc. has also paid accrued and unpaid interest on all Notes accepted for purchase up to, but not including, today, the settlement date.
Banc of America Securities LLC served as the exclusive dealer manager in connection with the tender offer.
This press release shall not constitute an offer to purchase or a solicitation of an offer to purchase with respect to any securities.
