Libbey Announces Expiration Of Exchange Offer For Senior Secured Notes

Loading...
Loading...
Libbey
LBY
today announced the expiration of the previously announced exchange offer by its wholly owned subsidiary, Libbey Glass Inc. Pursuant to the exchange offer, Libbey Glass Inc. offered to exchange any and all of its outstanding $450,000,000 aggregate principal amount of 6.875% Senior Secured Notes due 2020 (the "Original Notes") for an equal principal amount of a new issue of 6.875% Senior Secured Notes due 2020, which have been registered under the Securities Act of 1933, as amended (the "Securities Act") pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission (the "New Notes"). The Original Notes were issued on May 18, 2012, in a private placement pursuant to Rule 144A and Regulation S under the Securities Act. In the exchange offer, $450,000,000 aggregate principal amount of Original Notes were validly tendered and not validly withdrawn prior to the expiration, which represents 100% of the aggregate principal amount of Original Notes outstanding upon commencement of the exchange offer. Libbey Glass Inc. has accepted for exchange all of the Original Notes validly tendered and not validly withdrawn and settlement will occur promptly. This news release is for informational purposes only and is not an offer to buy or the solicitation of an offer to sell any security. The exchange offer was made only pursuant to the exchange offer documents, including the prospectus and letter of transmittal that were distributed to the holders of the Original Notes and were filed with the Securities and Exchange Commission.
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: NewsFinancing
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...