SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 16, 1997
Owens-Illinois, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-9576 22-2781933
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
Owens-Illinois Group, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 33-13061 34-1559348
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(State or other (Commission (IRS Employer
jurisdiction of File No.) Identification No.)
incorporation)
One SeaGate, Toledo, Ohio 43666
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(Address of principal executive offices) (Zip code)
Registrants' telephone number,
including area code: 419-247-5000
Exhibit Index -- Page 4
Page 1 of 6 pages
Item 5. Other Events.
On May 16, 1997, Owens-Illinois, Inc. issued a press release
announcing the consummation of: (1) its previously announced common stock
offering and senior note offerings; (2) amendments to its bank credit facility;
and, (3) release of collateral securing the credit facility and the Company's
11% senior debentures due 2003. In addition, the Company announced the call
for redemption on June 16, 1997 of an aggregate of $400 million principal
amount of its senior subordinated notes. The press release is set forth as
Exhibit 99 hereto.
Item 7. Financial Statements and Exhibits.
(c) Exhibits
Exhibit 99 - Owens-Illinois press release dated May 16, 1997.
Page 2 of 6 pages
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrants have duly caused this report to be signed on their behalf by the
undersigned thereunto duly authorized.
OWENS-ILLINOIS, INC.
OWENS-ILLINOIS GROUP, INC.
By /s/ Lee A. Wesselmann
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Lee A. Wesselmann
Senior Vice President and
Chief Financial Officer
(Principal Financial Officer)
Dated: May 16, 1997
Page 3 of 6 pages
EXHIBIT INDEX
Exhibit
Number Exhibit Page
99 Owens-Illinois press release dated May 16, 1997 5
Page 4 of 6 pages