PERRYSBURG, Ohio and SCHIEDAM,
Netherlands, September 6, 2010 /PRNewswire/ -- OI European
Group B.V., an indirect wholly owned subsidiary of Owens-Illinois
Group, Inc., announced that it intends to offer, subject to market
and other conditions, euro 500
million aggregate principal amount of Senior Notes due 2020
(the "Notes") in a private offering.
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OI European Group B.V. expects to use the net proceeds received
from this offering to repay borrowings under Owens-Illinois Group,
Inc.'s revolving credit facility and for general corporate
purposes, including funding Owens-Illinois Group, Inc.'s strategic
priorities.
The Notes and the guarantees thereof have not been registered
under the Securities Act of 1933, as amended (the "Securities
Act"), or applicable state securities laws. Accordingly, the Notes
will be offered only to qualified institutional buyers and to
persons outside the United States
in reliance on Rule 144A and Regulation S under the Securities Act,
respectively. Unless so registered, the Notes 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 the
exemption from the provisions of Section 5 of the Securities Act
provided by Rule 144A.
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy these securities, nor shall there
be any sale of these securities in any state or jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state.
Forward Looking Statements
This news release contains "forward-looking" statements within
the meaning of Section 21E of the Securities Exchange Act of 1934
and Section 27A of the Securities Act. Forward-looking statements
reflect current expectations and projections about future events at
the time, and thus involve uncertainty and risk. It is possible
that future financial performance may differ from expectations due
to a variety of risks and other factors such as those described in
Owens-Illinois Group, Inc.'s, Form 10-K for the year ended
December 31, 2009, filed with the
U.S. Securities and Exchange Commission on February 10, 2010. It is not possible to foresee
or identify all such factors. Any forward-looking statements in
this news release are based on certain assumptions and analyses
made in light of Owens-Illinois Group, Inc.'s experience and
perception of historical trends, current conditions, expected
future developments and other factors it believes are appropriate
in the circumstances. Forward-looking statements are not a
guarantee of future performance and actual results or developments
may differ materially from expectations. While Owens-Illinois
Group, Inc. continually reviews trends and uncertainties affecting
its results of operations and financial condition, Owens-Illinois
Group, Inc. does not intend to update any particular
forward-looking statements contained in this news release.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995: Statements in this press release regarding
Owens-Illinois Group, Inc.'s business which are not historical
facts are "forward-looking statements" that involve risks and
uncertainties. For a discussion of such risks and uncertainties,
which could cause actual results to differ from those contained in
the forward-looking statements, see "Risk Factors" in
Owens-Illinois Group, Inc. Annual Report or Form 10-K for the most
recently ended fiscal year.