Owens-Illinois buys back $15 million exchangeables, to refinance rest

By Angela McDaniels

Tacoma, Wash., July 30 – Owens-Illinois Group, Inc. repurchased $15 million of its 3% exchangeable notes due June 1, 2015 during the first six months of 2014 and plans to refinance the remaining $611 million prior to maturity, according to the company’s 10-Q filing for the quarter ended June 30 filed with the Securities and Exchange Commission.

During the first six months of 2013, the company repurchased $46 million of the exchangeables.

Owens-Illinois is a Perrysburg, Ohio-based glass container maker.

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