 PERRYSBURG, Ohio, April 26, 2021 GLOBE NEWSWIRE -- O-I Glass, Inc. O-I Glass or O-I today announced that its wholly owned subsidiary, Paddock Enterprises, LLC Paddock, has reached an agreement in principle for a consensual plan of reorganization under section 524g of the Bankruptcy Code. Paddock, the Official Committee of Asbestos Personal Injury Claimants the ACC, and the legal representative for the future asbestos personal injury claimants the FCR all agreed to accept the terms of a mediators proposal regarding a potential consensual plan of reorganization for Paddock. O-I Glass supports the agreement among Paddock, the ACC and the FCR that follows a successful court-approved mediation process conducted by Kenneth Feinberg and the Honorable Layn R. Phillips in connection with Paddocks ongoing Chapter 11 case. 