ITEM 7.01. REGULATION FD DISCLOSURE.

On August 5, 2022, Owens Brockway Glass Container Inc. ("OBGC"), an indirect wholly owned subsidiary of O-I Glass, Inc. (the "Company"), completed a sale and leaseback transaction with 2900 Fruitland Avenue Investors LLC and 2901 Fruitland Avenue Investors LLC (collectively, the "Buyer"), pursuant to which the Buyer purchased OBGC's plant in Vernon, California for a purchase price of approximately $181 million.

In connection with this transaction, OBGC, as tenant, and the Company, as a guarantor, agreed to lease the Vernon plant from Buyer for an initial term of 10 years. The lease terms require OBGC to make base rent payments of approximately $7.2 million in the first year, gradually increasing to approximately $10.3 million in the tenth year. OBGC, in its discretion, has extension options for up to 13 additional years, via two options to extend for an additional five years each along with a third option to extend for an additional three years. OBGC also has termination options at no cost during the initial term, as early as the fifth anniversary, subject to OBGC providing the required advance notice.

On August 8, 2022, the Company issued a press release announcing the completion of this sale and leaseback transaction. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

The information set forth in this Item 7.01, including Exhibit 99.1, is being furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that Section. The information in this Item 7.01, including Exhibit 99.1, shall not be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.





(d) Exhibits




Exhibit No.                                 Description

    99.1         Press Release, dated August 8, 2022

    104        Cover Page Interactive Data File (embedded within the Inline XBRL
               document and contained in Exhibit 101)

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