PERRYSBURG, Ohio , Jan. 12, 2022 (GLOBE NEWSWIRE) -- FOR IMMEDIATE RELEASE

O-I Glass, Inc. (“O-I Glass” or “O-I”) today announced that its wholly owned subsidiary, Paddock Enterprises, LLC (“Paddock”), has filed its Plan of Reorganization (the “Plan”) and related disclosure statement ("Disclosure Statement") with the United States Bankruptcy Court for the District of Delaware (the “Court”) as part of the Chapter 11 bankruptcy case Paddock initiated on January 6, 2020. The Plan, once confirmed by the courts, will result in a permanent resolution of all current and future asbestos personal injury claims (“Asbestos Claims”). The Plan is jointly proposed by the “Plan Proponents,” which are O-I Glass, the Official Committee of Asbestos Personal Injury Claimants (the “ACC”), Paddock, and the legal representative for future asbestos personal injury claimants (the “FCR”).