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O-I Glass Secures $2.7 Billion Credit Agreement

Story Highlights
  • O-I Glass, Inc. subsidiary refinanced its credit agreement on September 30, 2025.
  • The new agreement allows $2.7 billion in borrowings with covenants affecting financial strategy.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
O-I Glass Secures $2.7 Billion Credit Agreement

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O-I Glass ( (OI) ) has shared an update.

On September 30, 2025, O-I Glass, Inc.’s subsidiary, Owens-Illinois Group, Inc., entered into an Amended and Restated Credit Agreement with Wells Fargo Bank and other financial institutions, refinancing its previous credit agreement from 2022. This new agreement allows for up to $2.7 billion in borrowings and includes various covenants and a Secured Leverage Ratio that could impact the company’s ability to undertake additional financing or acquisitions, potentially affecting its financial strategy and market positioning.

The most recent analyst rating on (OI) stock is a Hold 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.

O-I Glass’s overall stock score is primarily influenced by its financial performance challenges, including declining revenues and high leverage. The positive outlook from the earnings call, with increased guidance and cost savings, provides some optimism. However, technical indicators and valuation concerns, such as a negative P/E ratio, weigh down the score.

To see Spark’s full report on OI stock, click here.

More about O-I Glass

O-I Glass, Inc. operates in the glass manufacturing industry, primarily producing glass containers for various products, with a focus on serving the food and beverage sectors.

Average Trading Volume: 1,557,231

Technical Sentiment Signal: Sell

Current Market Cap: $2.01B

See more data about OI stock on TipRanks’ Stock Analysis page.

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