O-I Glass Enters Material Definitive Agreement
Ticker: OI · Form: 8-K · Filed: May 28, 2024 · CIK: 812074
| Field | Detail |
|---|---|
| Company | O-I Glass, Inc. /De/ (OI) |
| Form Type | 8-K |
| Filed Date | May 28, 2024 |
| Risk Level | medium |
| Pages | 2 |
| Reading Time | 3 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-definitive-agreement, financial-obligation, 8-k
TL;DR
O-I Glass just signed a big financial deal, filing an 8-K to let everyone know.
AI Summary
On May 28, 2024, O-I Glass, Inc. entered into a material definitive agreement related to a direct financial obligation. The company, incorporated in Delaware, filed an 8-K report detailing this event. Specific details regarding the nature of the financial obligation and its terms were not fully disclosed in the provided text, but it constitutes a significant event for the registrant.
Why It Matters
This filing indicates a significant financial commitment or obligation for O-I Glass, Inc., which could impact its financial standing and future operations.
Risk Assessment
Risk Level: medium — Entering into material definitive agreements, especially those involving financial obligations, can introduce financial risks and operational changes that warrant close monitoring.
Key Players & Entities
- O-I Glass, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- May 28, 2024 (date) — Date of earliest event reported
FAQ
What specific material definitive agreement did O-I Glass, Inc. enter into?
The filing indicates O-I Glass, Inc. entered into a material definitive agreement that constitutes a direct financial obligation or an obligation under an off-balance sheet arrangement, but the specific details of the agreement are not provided in the excerpt.
What is the nature of the financial obligation reported by O-I Glass, Inc.?
The filing states it is a 'Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant,' but the exact nature and terms are not detailed in the provided text.
When was this material definitive agreement reported?
The report was filed on May 28, 2024, and this date is also the date of the earliest event reported.
What is O-I Glass, Inc.'s state of incorporation?
O-I Glass, Inc. is incorporated in Delaware.
What is the SEC file number for this 8-K filing?
The SEC file number for this 8-K filing is 001-09576.
Filing Stats: 704 words · 3 min read · ~2 pages · Grade level 10 · Accepted 2024-05-28 16:08:25
Filing Documents
- tm2414914d4_8k.htm (8-K) — 29KB
- tm2414914d4_ex4-1.htm (EX-4.1) — 698KB
- tm2414914d4_8kimg001.jpg (GRAPHIC) — 2KB
- 0001104659-24-065582.txt ( ) — 1036KB
- oi-20240528.xsd (EX-101.SCH) — 3KB
- oi-20240528_lab.xml (EX-101.LAB) — 33KB
- oi-20240528_pre.xml (EX-101.PRE) — 22KB
- tm2414914d4_8k_htm.xml (XML) — 3KB
01 Entry Into A Material Definitive Agreement
Item 1.01 Entry Into A Material Definitive Agreement. On May 28, 2024, OI European Group B.V. ("OIEG"), a private limited liability company incorporated under the laws of the Netherlands and an indirect wholly owned subsidiary of O-I Glass, Inc., completed a private offering of 500 million aggregate principal amount of its 5.250% Senior Notes due 2029 (the "Notes") to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the "Securities Act"). The Notes are fully and unconditionally guaranteed, jointly and severally, on a senior basis, by Owens-Illinois Group, Inc. ("OI Group") and by certain U.S. domestic subsidiaries of OI Group that are guarantors under OI Group's credit agreement. The relevant terms of the Notes are set forth in the indenture, dated as of May 28, 2024 (the "Indenture"), by and among OIEG, the guarantors party thereto, including OI Group, U.S. Bank Trust Company, National Association, as trustee, and Elavon Financial Services DAC, as principal paying agent, transfer agent and registrar. A copy of the Indenture (including the form of the global note) is attached hereto as Exhibit 4.1 and is incorporated herein by reference. The descriptions in this Current Report of the Notes and the Indenture are not intended to be a complete description of those documents and are qualified in their entirety by the full text of the Indenture, including the form of the Note contained therein, which is attached as an exhibit to and incorporated by reference in this Current Report. Item 2.03 Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant. The information set forth in Item 1.01 of this report is incorporated in this Item 2.03 by reference.
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit No. Description 4.1 Indenture, dated as of May 28, 2024, by and among OI European Group B.V., the guarantors party thereto, U.S. Bank Trust Company, National Association, as trustee and Elavon Financial Services DAC, as principal paying agent, transfer agent and registrar 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 28, 2024 By: /s/ John A. Haudrich Name: John A. Haudrich Title: Senior Vice President and Chief Financial Officer