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The latest update is out from O-I Glass ( (OI) ).
On May 4, 2026, O-I Glass announced that its indirect wholly owned subsidiary Owens-Brockway Glass Container Inc. plans a $500 million private offering of senior notes due 2033, which were later priced at a 9.500% coupon and issued at par. The notes, guaranteed by Owens-Illinois Group Inc. and certain U.S. subsidiaries under its credit agreement, are expected to close on May 18, 2026, and will be sold only to qualified institutional buyers and certain non-U.S. investors under Rule 144A and Regulation S.
Owens-Brockway intends to use the proceeds, together with borrowings under O-I’s revolving credit facility and cash on hand, to redeem all of its outstanding 6.625% senior notes due 2027, of which about $612 million was outstanding when the deal was announced. The transaction effectively refinances and extends the maturity profile of the company’s debt, while new indenture covenants will limit liens, certain sale-leaseback transactions, and major corporate restructurings, shaping O-I Glass’s capital structure and financial flexibility going forward.
The most recent analyst rating on (OI) stock is a Buy with a $13.00 price target. To see the full list of analyst forecasts on O-I Glass stock, see the OI Stock Forecast page.
Spark’s Take on OI Stock
According to Spark, TipRanks’ AI Analyst, OI is a Neutral.
The score is driven primarily by weak financial performance (sharp revenue contraction, net losses, and high leverage), partially offset by improved TTM free cash flow. Technicals are also unfavorable with the stock trading well below key moving averages and negative MACD. The latest earnings call adds modest support from cost-savings execution and expected 2H volume lift, but lowered full-year guidance and Europe/energy risks keep the outlook constrained.
To see Spark’s full report on OI stock, click here.
More about O-I Glass
O-I Glass, Inc., listed on the NYSE as OI, is one of the world’s leading producers of glass bottles and jars for food and beverage brands. Headquartered in Perrysburg, Ohio, the company positions glass as a fully recyclable, sustainable rigid packaging material and generated $6.4 billion in net sales in 2025 from operations across 61 plants in 18 countries.
The group serves as a preferred packaging partner to major global consumer brands, tailoring innovative glass designs to support customer marketing and sustainability goals. Its approximately 19,000 employees focus on aligning product development with customer needs, reinforcing O-I Glass’s competitive standing in the global glass container industry.
Average Trading Volume: 2,422,810
Technical Sentiment Signal: Sell
Current Market Cap: $1.45B
Learn more about OI stock on TipRanks’ Stock Analysis page.