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Libbey Announces Expiration Of Early Tender Period - Quick Facts

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Libbey Inc. (LBY: Quote) announced, in connection with the previously announced cash tender offer by Libbey Glass Inc. to purchase up to $320.0 million of its outstanding $360.0 million aggregate principal amount of 10% Senior Secured Notes due 2015 and consent solicitation, that as of 5:00 p.m. New York City time, on May 11, 2012, the expiration date had occurred for holders to tender Notes and deliver consents and receive the total consideration pursuant to the Offer, and that it had received, as of 5:00 p.m. New York City time, on May 11, 2012, tenders and consents from holders of $356.1 million in aggregate principal amount, representing 98.91% of the total outstanding principal amount of the Notes.

The early settlement date is expected to be May 18, 2012. The tender offer is scheduled to expire on May 25, 2012, unless extended by Libbey Glass.

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by RTT Staff Writer

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