O-I Glass Files 8-K for Regulatory Disclosure

TL;DR

O-I Glass filed a standard 8-K, no major news.

AI Summary

O-I Glass, Inc. filed an 8-K on May 16, 2024, to report on a Regulation FD Disclosure and Financial Statements and Exhibits. The filing does not contain specific financial figures or new material events beyond the standard reporting requirements for this form type.

Why It Matters

This 8-K filing indicates O-I Glass is adhering to its reporting obligations with the SEC, providing updates on regulatory disclosures and financial statements.

Risk Assessment

Risk Level: low — The filing is a routine 8-K for regulatory disclosure and does not contain any new material information that would indicate increased risk.

Key Players & Entities

• O-I Glass, Inc. (company) — Registrant
• Delaware (jurisdiction) — State of incorporation
• Perrysburg, Ohio (location) — Principal executive offices

FAQ

Key Financial Figures

• $539 million — gregate principal amount (approximately $539 million based on the March 29, 2024 (the last b
• $1.0777 — in March 2024) exchange rate of 1.00 = $1.0777) are currently outstanding, pursuant to

Filing Documents

• tm2414670d1_8k.htm (8-K) — 40KB
• tm2414670d1_ex99-1.htm (EX-99.1) — 17KB
• tm2414670d1_ex99-2.htm (EX-99.2) — 40KB
• tm2414670d1_8kimg01.jpg (GRAPHIC) — 2KB
• tm2414670d1_ex99-1img001.jpg (GRAPHIC) — 5KB
• tm2414670d1_ex99-2img001.jpg (GRAPHIC) — 7KB
• 0001104659-24-062183.txt ( ) — 315KB
• oi-20240516.xsd (EX-101.SCH) — 3KB
• oi-20240516_lab.xml (EX-101.LAB) — 33KB
• oi-20240516_pre.xml (EX-101.PRE) — 22KB
• tm2414670d1_8k_htm.xml (XML) — 3KB

01. REGULATION

ITEM 7.01. REGULATION FD DISCLOSURE. Offering of Notes On May 16, 2024, O-I Glass, Inc. (the "Company") issued a press release (the "Notes Press Release") announcing that OI European Group B.V. ("OIEG"), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, in a private offering (the "Offering") 400 million aggregate principal amount of senior notes due 2029 (the "Notes"), to be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. ("OI Group") and certain of OI Group's U.S. domestic subsidiaries that are guarantors under OI Group's credit agreement. A copy of the Notes Press Release is attached hereto as Exhibit 99.1 and is incorporated herein by reference. The Notes will be issued pursuant to an indenture that will contain covenants which, among other things, restrict the ability of OI Group and its subsidiaries to incur liens, engage in certain sale and leaseback transactions and consolidate, merge or sell all or substantially all of OI Group's assets. OIEG expects to use the net proceeds from the Offering, together with cash on hand, to purchase any and all of its outstanding 2.875% Senior Notes due 2025 (the "2025 Notes"), of which 500 million aggregate principal amount (approximately $539 million based on the March 29, 2024 (the last business day in March 2024) exchange rate of 1.00 = $1.0777) are currently outstanding, pursuant to a concurrent tender offer for any and all of the 2025 Notes (the "2025 Notes Tender Offer"). After the expiration of the 2025 Notes Tender Offer, OIEG may, subject to applicable federal securities laws, use any net proceeds from the Offering not used to fund the 2025 Notes Tender Offer to fund one or more redemptions of the 2025 Notes not acquired in the 2025 Notes Tender Offer, purchase such 2025 Notes through open market purchases or privately negotiated transactions, satisfy and discharge the indenture governing the 2025 Notes or repay such 2025 Notes a

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking" and risk. The words "believe," "expect," "anticipate," "will," "could," "would," "should," "may," "plan," "estimate," "intend," "predict," "potential," "continue," and the negatives of these words and other similar expressions generally identify forward-looking statements. It is possible that the Company's future financial performance may differ from expectations due to a variety of factors including, but not limited to the following: (1) the general political, economic and competitive conditions in markets and countries where the Company has operations, including uncertainties related to economic and social conditions, trade disputes, disruptions in the supply chain, competitive pricing pressures, inflation or deflation, changes in tax rates and laws, war, civil disturbance or acts of terrorism, natural disasters, public health issues and weather, (2) cost and availability of raw materials, labor, energy and transportation (including impacts related to the current Ukraine-Russia and Israel-Hamas conflicts and disruptions in supply of raw materials caused by transportation delays), (3) competitive pressures from other glass container producers and alternative forms of packaging or consolidation among competitors and customers, (4) changes in consumer preferences or customer inventory management practices, (5) the continuing consolidation of the Company's customer base, (6) the Company's ability to improve its glass melting technology, known as the modular advanced glass manufacturing asset ("MAGMA") program, and implement it within the timeframe expected, (7) unanticipated supply chain and operational disrupt

01. FINANCIAL

ITEM 9.01. FINANCIAL (d) Exhibits. Exhibit No. Description 99.1 Notes Press Release, dated May 16, 2024 99.2 Tender Offer Press Release, dated May 16, 2024 104 Cover Page Interactive Data File (formatted as inline XBRL and contained in Exhibit 101)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. O-I GLASS, INC. Date: May 16, 2024 By: /s/ John A. Haudrich Name: John A. Haudrich Title: Senior Vice President and Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR