New Issue - Owens-Brockway sells $600 mln in notes

May 7 (Reuters) - Owens-Brockway Glass Container Inc, a
subsidiary of Owens-Illinois Inc (OI.N), on Thursday sold $600
million of seven-year senior notes in the 144a private
placement market, said IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $300 million.

JP Morgan, Bank of America and Deutsche Bank were the joint
bookrunning managers for the sale.
BORROWER: OWENS-BROCKWAY GLASS CONTAINER INC*
AMT $600 MLN** COUPON 7.375 PCT MATURITY 5/15/2016
TYPE SR NOTES ISS PRICE 96.724 FIRST PAY 11/15/2009
MOODY'S Ba3 YIELD 8.00 PCT SETTLEMENT 5/11/2009
S&P DOUBLE-B SPREAD 527 BPS/ PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS
* GUARANTEED BY OWENS-ILLINOIS GROUP.
** FACE AMOUNT: $600 MLN, PROCEEDS: $580.344 MLN