TOLEDO, Ohio, Nov. 6, 2012 /PRNewswire/ -- Libbey Inc. (NYSE MKT: LBY) ("Company") today announced that its wholly-owned subsidiary, Libbey Glass Inc., has commenced an exchange offer for any and all of its outstanding $450,000,000 aggregate principal amount of 6.875% Senior Secured Notes due 2020 (the "Outstanding Notes"). The Outstanding Notes were issued on May 15, 2012, in a private placement pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended (the "Securities Act"). Holders of Outstanding Notes may exchange them 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 pursuant to an effective registration statement on Form S-4 filed with the Securities and Exchange Commission.
The exchange offer is being conducted to satisfy the Company's obligations under the terms of a registration rights agreement entered into in connection with the issuance of the Outstanding Notes, and does not represent a new financing transaction.
The exchange offer will expire at 5:00 p.m., New York City time, on December 7, 2012, unless extended or terminated. Tenders of Outstanding Notes must be properly made before the exchange offer expires and may be withdrawn at any time before the exchange offer expires.
Documents describing the terms of the exchange offer, including the prospectus and transmittal materials for making tenders, can be obtained from the exchange agent, The Bank of New York Mellon, Corporate Trust – Reorganization Unit, 111 Sanders Creek Parkway, Syracuse, NY 13057, Attn: Dacia Brown-Jones. For information by telephone, call 1-315-414-3349.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 is being made only pursuant to the exchange offer documents, including the prospectus and letter of transmittal that are being distributed to the holders of Outstanding Notes and have been filed with the Securities and Exchange Commission.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV