OI | Jotup

OI European Group B.V. Announces Results of Cash Tender Offer for Any and All of its Outstanding 2.875% Senior Notes due 2025

Retrieved on:

fredag, maj 24, 2024

The acceptance of tendered Notes will be made in accordance with the terms of the Offer as described in the Offer to Purchase.

Key Points:

The acceptance of tendered Notes will be made in accordance with the terms of the Offer as described in the Offer to Purchase.
Interest will cease to accrue on the Settlement Date for all Notes accepted in the Offer, including those tendered through the Guaranteed Delivery Procedures.
OIEG has engaged BNP Paribas to serve as the dealer manager in connection with the Offer (the “Dealer Manager”).
Any tender of Notes pursuant to the Offer from a Holder that is unable to make these representations will not be accepted.

Owens-Brockway Glass Container Inc. Announces Pricing of Senior Notes Offering

Retrieved on:

tisdag, maj 21, 2024

Offering, News, Sale, Person, OI, Regulation, Note, Glass

O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, priced a private offering (the “Offering”) of $300 million aggregate principal amount of its 7.375% senior notes due 2032 (the “Notes”) at par.

Key Points:

O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, priced a private offering (the “Offering”) of $300 million aggregate principal amount of its 7.375% senior notes due 2032 (the “Notes”) at par.
The net proceeds to OBGC from the Offering are expected to be approximately $297 million, after deducting commissions but before offering expenses payable by OBGC.
OBGC’s obligations under the Notes will 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.
The Offering is expected to close on May 30, 2024, subject to the satisfaction of customary closing conditions.

Owens-Brockway Glass Container Inc. Launches $300 Million Senior Notes Offering

Retrieved on:

måndag, maj 20, 2024

Offering, Debt-to-GDP ratio, News, Sale, Person, OI, Regulation, Note, Glass, Security (finance)

O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, $300 million aggregate principal amount of its senior notes due 2032 (the “Notes”) in a private offering (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”).

Key Points:

O-I Glass, Inc. (the “Company”) announced that Owens-Brockway Glass Container Inc. (“OBGC”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, $300 million aggregate principal amount of its senior notes due 2032 (the “Notes”) in a private offering (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”).
OBGC’s obligations under the Notes will 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.
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”).
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.

OI European Group B.V. Announces Upsizing and Pricing of Senior Notes Offering

Retrieved on:

torsdag, maj 16, 2024

Offering, Finance, European Economic Area, Debt-to-GDP ratio, Prejudice, News, Investment, FSMA, Sale, Person, OI, Prospectus, Glass, Financial services

PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 16, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (the “Company”) announced that OI European Group B.V. (“OIEG”), an indirect wholly owned subsidiary of the Company, priced a private offering (the “Offering”) of €500 million aggregate principal amount of its 5.250% senior notes due 2029 (the “Notes”) at par, which represents an increase of €100 million from the previously announced aggregate offering size. The net proceeds to OIEG from the Offering are expected to be approximately €494 million (approximately $532 million based on the March 29, 2024 (the last business day in March 2024) exchange rate of €1.00=$1.0777), after deducting commissions but before offering expenses payable by OIEG. OIEG’s obligations under the Notes will be guaranteed on a joint and several basis by OI Group and certain U.S. domestic subsidiaries of Owens Illinois Group, Inc. (“OI Group”) that are guarantors under OI Group’s credit agreement. The Offering is expected to close on May 28, 2024, subject to the satisfaction of customary closing conditions.

Key Points:

PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 16, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (the “Company”) announced that OI European Group B.V. (“OIEG”), an indirect wholly owned subsidiary of the Company, priced a private offering (the “Offering”) of €500 million aggregate principal amount of its 5.250% senior notes due 2029 (the “Notes”) at par, which represents an increase of €100 million from the previously announced aggregate offering size.
OIEG’s obligations under the Notes will be guaranteed on a joint and several basis by OI Group and certain U.S. domestic subsidiaries of Owens Illinois Group, Inc. (“OI Group”) that are guarantors under OI Group’s credit agreement.
The Offering is expected to close on May 28, 2024, subject to the satisfaction of customary closing conditions.
Any net proceeds received from this Offering not used to fund the 2025 Notes Tender Offer or any such redemption, repurchase or repayment of the 2025 Notes may be used for general corporate purposes.

OI European Group B.V. Launches €400 Million Senior Notes Offering

Retrieved on:

torsdag, maj 16, 2024

Finance, European Economic Area, Debt-to-GDP ratio, Prejudice, News, Investment, FSMA, Sale, Person, OI, Prospectus, Glass, Financial services, Security (finance)

PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 16, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (the “Company”) announced that OI European Group B.V. (“OIEG”), an indirect wholly owned subsidiary of the Company, intends to offer, subject to market and other conditions, €400 million aggregate principal amount of its senior notes due 2029 (the “Notes”) in a private offering (the “Offering”) to eligible purchasers under Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended (the “Securities Act”). OIEG’s obligations under the Notes will 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.

Key Points:

OIEG’s obligations under the Notes will 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.
OIEG expects to use the net proceeds received from this Offering, together with cash on hand, to purchase any and all of its outstanding 2.875% Senior Notes due 2025 (the “2025 Notes”), of which €500 million aggregate principal amount (approximately $539 million based on the March 29, 2024 (the last business day in March 2024) exchange rate of €1.00 = $1.0777) are currently outstanding, pursuant to a tender offer for any and all of the 2025 Notes (the “2025 Notes Tender Offer”).
After the expiration of the 2025 Notes Tender Offer, OIEG may, subject to applicable federal securities laws, use any net proceeds from this Offering not used to fund the 2025 Notes Tender Offer to fund one or more redemptions of the 2025 Notes not acquired in the 2025 Notes Tender Offer, purchase such 2025 Notes through open market purchases or privately negotiated transactions, satisfy and discharge the indenture governing the 2025 Notes or repay such 2025 Notes at maturity.
Any net proceeds received from this Offering not used to fund the 2025 Notes Tender Offer or any such redemption, repurchase or repayment of the 2025 Notes may be used for general corporate purposes.

OI EUROPEAN GROUP B.V. OFFER TO PURCHASE FOR CASH ANY AND ALL 2.875% SENIOR NOTES DUE 2025

Retrieved on:

torsdag, maj 16, 2024

PERRYSBURG, Ohio / SCHIEDAM, the Netherlands, May 16, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (NYSE: OI) ( “OI Glass”), announced today that OI European Group B.V. (“OIEG”, the “Company,” “we,” “us” and “our”), has commenced its offer (the “Offer”) to purchase for cash any and all of the outstanding securities of the Company listed in Table I below (the “Notes”). As of May 16, 2024, €500 million aggregate principal amount of the Notes were outstanding.

Key Points:

The Offer is being made in connection with OIEG’s proposed offering of new senior notes (the “New Notes Offering”) denominated in Euros (the “New Notes”).
Statements in this release regarding the New Notes Offering shall not constitute an offer to sell or a solicitation of an offer to buy any securities.
We will accept and pay for all validly tendered and not validly withdrawn Notes that are accepted for purchase by us.
Any tender of Notes pursuant to the Offer from a Holder that is unable to make these representations will not be accepted.

O-I Glass Appoints John Humphrey as Independent Board Chair

Retrieved on:

onsdag, maj 15, 2024

Security (finance), Retirement, OI, Chairperson, Annual, Roper Technologies, Completeness, Glass, Enpro Industries, Annual general meeting, Management

PERRYSBURG, Ohio, May 15, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I”) (NYSE: OI) today announced that, after the conclusion of O-I’s Annual Meeting of Share Owners held earlier today, the Board appointed John Humphrey as the new Independent Board Chair, following the previously announced retirement of John H. Walker from the Board.

Key Points:

PERRYSBURG, Ohio, May 15, 2024 (GLOBE NEWSWIRE) -- O-I Glass, Inc. (“O-I”) (NYSE: OI) today announced that, after the conclusion of O-I’s Annual Meeting of Share Owners held earlier today, the Board appointed John Humphrey as the new Independent Board Chair, following the previously announced retirement of John H. Walker from the Board.
The other director nominees elected at the Annual Meeting are Samuel R. Chapin, David V. Clark, II, John Humphrey, Alan J. Murray, Hari N. Nair, Catherine I. Slater, and Carol A. Williams.
John Humphrey brings extensive experience leading global businesses and has served on several public company boards.
“It is a privilege to assume the role of Board Chair,” said John.

ICE Midland WTI (HOU) Futures Reach All-Time Daily Volume Record

Retrieved on:

fredag, maj 17, 2024

Professional Services, Data Analytics, Oil, Gas, Energy, Finance, Fintech, Banking, ICE, HOU, Argus, Risk, Gasoline, MEH, OI, Intercontinental Exchange, Intercontinental

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that its ICE Midland WTI (ICE:HOU) crude futures contract hit its highest volume day on May 13, 2024, with over 100,000 contracts traded.

Key Points:

Intercontinental Exchange, Inc. (NYSE: ICE), a leading global provider of technology and data, today announced that its ICE Midland WTI (ICE:HOU) crude futures contract hit its highest volume day on May 13, 2024, with over 100,000 contracts traded.
The volume activity follows records set in the HOU futures contract in 2024, including record average daily volume of 16,700 contracts during April, rising to over 29,000 contracts during May 2024, based on month-to-date trading activity.
“It’s great to see the market utilize HOU as the only exchange-guaranteed source of ratably delivered Midland WTI barrels,” said Jeff Barbuto, Global Head of Oil Markets at ICE.
Offsets are available across a range of over 800 oil contracts, including ICE Brent, ICE Gasoil, ICE WTI, ICE Dubai (Platts), ICE Murban, as well as RBOB Gasoline.

Orthofix Announces FDA 510(k) Clearance for the Rodeo Telescopic Nail

Retrieved on:

torsdag, maj 9, 2024

Health, FDA, Medical Devices, Consumer, Surgery, Genetics, Children, Food, Osteogenesis imperfecta, Fracture, Rodeo, Food and Drug Administration, Deformity, Patient, OI, Child, Multimedia, Prevalence, Dentistry

(NASDAQ:OFIX), a leading global spine and orthopedics company, today announced that it has received U.S. Food and Drug Administration (FDA) 510(k) clearance to market its Rodeo™ Telescopic Nail.

Key Points:

(NASDAQ:OFIX), a leading global spine and orthopedics company, today announced that it has received U.S. Food and Drug Administration (FDA) 510(k) clearance to market its Rodeo™ Telescopic Nail.
View the full release here: https://www.businesswire.com/news/home/20240509384510/en/
The Rodeo Telescopic Nail by Orthofix is an innovative device to surgically treat deformities or fractures in patients suffering from osteogenesis imperfecta.
(Photo: Business Wire)
The Rodeo Telescopic Nail is an innovative device indicated to surgically treat deformities or fractures in patients suffering from osteogenesis imperfecta (OI).
The Rodeo system is designed to address many of the biomechanical and procedural challenges associated with current OI telescopic rod systems.

Bentley Systems Announces First Quarter 2024 Results

Retrieved on:

tisdag, maj 7, 2024

Technology, Construction & Property, Engineering, Urban Planning, Manufacturing, Building Systems, Software, Architecture, Electronic Design Automation, BSY, ARR, Cash, Bentley Systems, Growth, OI, Event, System, Cryptocurrency

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for its first quarter ended March 31, 2024.

Key Points:

Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, today announced results for its first quarter ended March 31, 2024.
CEO Greg Bentley said, “We are pleased with our 24Q1 performance, as year-over-year ARR growth of 11% (excluding China, 11.5%) is consistent with our recent financial outlook range for 2024.
Alternatively, the event can be accessed from the Events & Presentations page on Bentley Systems’ Investor Relations website at https://investors.bentley.com .
Those rules require the supplemental explanations and reconciliations that are in Bentley Systems’ Form 8-K (Quarterly Earnings Release) furnished to the SEC.