Moody's assigns B1 to Owens Brockway new sr unsec notes; Ba3 CFR at Owens-Illinois Group is unchanged; outlook negative
Rating Action: Moody's assigns B1 to Owens Brockway new sr unsec notes; Ba3 CFR at Owens-Illinois Group is unchanged; outlook negative. Global Credit Research- 06 May 2020. New York, May 06, 2020-- Moody's Investors Service, assigned a B1 rating to Owens-Brockway Glass Container Inc.' s proposed $500 million senior unsecured notes due May 2027. The Ba3 Corporate Family Rating, Ba3-PD Probability of Default Rating, and SGL-2 Speculative Grade Liquidity Rating at OI Group are...Owens-Illinois is a manufacturer of glass containers. The company has three reportable segments based on its geographic locations: Americas, Europe, and Asia Pacific. The company produces glass containers for alcoholic beverages, including beer, flavored malt beverages, spirits and wine. The company also produces glass packaging for a variety of food items, soft drinks, teas, juices and pharmaceuticals. The company manufactures glass containers in a range of sizes, shapes and colors. The company also provides engineering support for its glass manufacturing operations through facilities located in the U.S., Australia, France, Poland and Peru.
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