O-I Glass Files 8-K for Regulatory Disclosure

TL;DR

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

AI Summary

O-I Glass, Inc. filed an 8-K on May 20, 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.

Why It Matters

This filing serves as a standard update for investors, confirming regulatory compliance and providing access to financial statements and exhibits without introducing new material information.

Risk Assessment

Risk Level: low — The filing is a standard 8-K report and does not contain any new material information that would indicate a change in 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

• $300 million — in a private offering (the "Offering") $300 million aggregate principal amount of senior no

Filing Documents

• tm2414914d1_8k.htm (8-K) — 38KB
• tm2414914d1_ex99-1.htm (EX-99.1) — 13KB
• tm2414914d1_8kimg001.jpg (GRAPHIC) — 2KB
• tm2414914d1_ex99-1img001.jpg (GRAPHIC) — 6KB
• 0001104659-24-063215.txt ( ) — 243KB
• oi-20240520.xsd (EX-101.SCH) — 3KB
• oi-20240520_lab.xml (EX-101.LAB) — 33KB
• oi-20240520_pre.xml (EX-101.PRE) — 22KB
• tm2414914d1_8k_htm.xml (XML) — 3KB

01. REGULATION

ITEM 7.01. REGULATION FD DISCLOSURE. Offering of Notes On May 20, 2024, O-I Glass, Inc. (the "Company") issued a press release (the "Notes Press Release") announcing that Owens-Brockway Glass Container Inc. ("OBGC"), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, in a private offering (the "Offering") $300 million aggregate principal amount of senior notes due 2032 (the "Notes"), to be guaranteed on a joint and several basis by Owens-Illinois Group, Inc. ("OI Group") and certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group's credit agreement. A copy of the Notes Press Release is furnished as Exhibit 99.1 to this Current Report. 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. OBGC expects to use the net proceeds from the Offering, together with cash on hand, to redeem all of OBGC's outstanding 6.375% Senior Notes due 2025 (the "2025 OBGC Notes"). The Notes and the guarantees have not been registered under the Securities Act of 1933, as amended (the "Securities Act"), or applicable state securities laws, and will be offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the Securities Act. Unless so registered, the Notes and the guarantees may not be offered or sold in the United States except pursuant to an exemption from the registration requirements of the Securities Act and applicable state securities laws. Prospective purchasers that are qualified institutional buyers are hereby notified that the seller of the Notes may be relying on

Forward-Looking Statements

Forward-Looking Statements This Current Report on Form 8-K contains "forward-looking" Forward-looking statements reflect the Company's current expectations and projections about future events at the time, and thus involve uncertainty 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 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 20, 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 20, 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