O-I Glass Announces Completion of $690 Million and €600 Million Green Bond Allocations

O-I Glass, Inc. OI, a leading manufacturer of glass containers for the food and beverage industry, has successfully completed the full allocation of its second round of Green Bond offerings, marking another progressive step in its commitment to addressing climate change. The company, headquartered in Perrysburg, Ohio, has completed the full allocation of a $690 million bond due in 2031. This issuance was carried out by Owens-Brockway Glass Container, Inc., a subsidiary of O-I Glass. Furthermore, the company has also finalized the full allocation of a €600 million bond due in 2028, which was issued by O-I European Group B.V., another subsidiary of O-I Glass, Inc.

Significance in O-I Glass's Climate Strategy

The successful placement of these Green Bonds demonstrates O-I Glass's continued commitment to sustainability and its climate-change strategy. The funds from these bonds are expected to be used to finance or refinance, in part or in full, new or existing eligible green projects, which align with the company's long-term goal of reducing its environmental impact while fortifying its position in the market. These strategic financial moves also signal to investors the company's dedication to integrating sustainable practices into its core operations and business model.

O-I Glass's Market Position and Operations

While O-I Glass services the Americas, Europe, and Asia Pacific, these recent green bond allocations emphasize the global scope of the company's operations and its international financing strategies. By issuing bonds in both USD and EUR, O-I Glass caters to a diverse pool of investors while also investing in projects that likely span across its various geographic markets. The successful allocation of these bonds not only raises capital for environmentally favorable endeavors but also solidifies O-I Glass's reputation as a responsible corporate entity in the eyes of consumers and investors alike.

Investment, Sustainability, Finance