Marisa Stavenas~~John O'Connell~~Khalia Williams~~Jonathan Cantor~~Toby Chun~~Manideepa (Deepa) Sarkar~~Laurence Moss~~J. Struhs~~Corina Holland~~Andrew Pagliughi
January 24, 2026
Owens-Brockway Glass Container Inc. and OI European Group B.V. Complete Bond Offerings and Tender Offer

1 min
AI-made summary
- Simpson Thacher represented the initial purchasers, led by BofA Securities, in a 144A/Regulation S offering by Owens-Brockway Glass Container Inc
- of $300 million in 7.375% Senior Notes due 2032, and the initial purchasers, led by BNP Paribas, in a €500 million 5.250% Senior Notes due 2029 offering by OI European Group B.V
- Simpson Thacher also advised BNP Paribas as dealer manager in OIEG’s concurrent cash tender offer
- Proceeds are designated for debt repayment.
Simpson Thacher represented (1) the initial purchasers, led by BofA Securities, Inc., in connection with a 144A/Regulation S offering by Owens-Brockway Glass Container Inc. (“OBGC”) of $300 million aggregate principal amount of 7.375% Senior Notes due 2032 and (2) the initial purchasers, led by BNP Paribas, in connection with a 144A/Regulation S offering by OI European Group B.V. (“OIEG”) of €500 million aggregate principal amount of 5.250% Senior Notes due 2029 (the “OIEG Offering”).~~Concurrently with the OIEG Offering, Simpson Thacher also represented BNP Paribas as dealer manager in connection with OIEG’s cash tender offer to purchase up to €500 million maximum aggregate principal amount of certain of its outstanding euro-denominated senior notes.~~The net proceeds from the offerings have or will be used to fund the repayment, redemption or repurchase of near term debt maturities, including in the tender offer.~~OI Group is one of the leading manufacturers of glass containers in the world with 68 glass manufacturing plants in 19 countries.~~The Simpson Thacher team included Marisa Stavenas, John O’Connell, Traci Biedermann and Khalia Williams (Capital Markets); Jonathan Cantor and Lina Pan (Tax); Toby Chun and Deepa Sarkar (Environmental); Larry Moss, Pasco Struhs and Meredith Brenton (Executive Compensation and Employee Benefits); Corina Holland (Intellectual Property); and Andrew Pagliughi (Blue Sky).~~
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Marisa Stavenas~~John O'Connell~~Khalia Williams~~Jonathan Cantor~~Toby Chun~~Manideepa (Deepa) Sarkar~~Laurence Moss~~J. Struhs~~Corina Holland~~Andrew Pagliughi
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