logo
Share SHARE
FONT-SIZE Plus   Neg

Libbey Announces Expiration Of Early Tender Period - Quick Facts

Libbey Inc. (LBY) 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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Federal Aviation Administration said several pilots complained about pointing of strong green laser beams at planes flying over Long Island. The location was around Farmingdale, during 9.30 pm and 10 pm. Searches are on to locate the exact source of the laser beam. The Federal official suspects that the beam came from a hand-held device. Discount retailer Big Lots, Inc. Friday reported an increase in income from continuing operations for the first quarter, from last year. The company also registered a surge in net income particularly as it had carried a loss from discontinued operations last year. Taco Bell, a division of Yum! Brands Inc, is planning to test delivery of food items on college campuses, the Street reported. The move comes at a time the fast food chain seeks to leverage demand for its popular breakfast and dinner items.
comments powered by Disqus
RELATED NEWS
Trade LBY now with 
Follow RTT