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O-I Announces Commencement of Consent Solicitations and Process to Amend Bank Credit Agreement Related to Corporate Modernization

O-I Glass, Inc. (OI) 
Last o-i glass, inc. earnings: 4/28 04:20 pm Check Earnings Report
Company Research Source: GlobeNewswire
PERRYSBURG, Ohio , Dec. 04, 2019 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE Owens-Illinois, Inc. (“O-I” or the “Company”) today announced that the Board of Directors of the Company has authorized the commencement of consent solicitations to amend and waive certain provisions in the indentures governing the outstanding senior notes issued by certain of the Company’s subsidiaries and an amendment to the Company’s bank credit agreement. The purpose of the consent solicitations and bank credit agreement amendment is to facilitate the implementation of the Corporate Modernization (as defined below), which, if implemented, would be expected to be completed by the end of 2019. The Company believes that the Corporate Modernization would improve the Company’s operating efficiency and cost structure, while ensuring the Company remains well-positioned to address its legacy liabilities. It is not expected that the Corporate Mod Show less Read more
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