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Libbey enters new credit facility

On the day that it assumed complete ownership of Vitrocrisa from Vitro SA de CV, Libbey Glass entered a new USD 150 million senior secured credit facility, the firm said 17 June 2006.
The company sai…

On the day that it assumed complete ownership of Vitrocrisa from Vitro SA de CV, Libbey Glass entered a new USD 150 million senior secured credit facility, the firm said 17 June 2006. The company said it completed the offerings of USD 306 million in senior secured notes, as well as USD 102 million in units. The units were comprised of senior subordinated secured pay-in-kind notes and detachable warrants to buy shares equal to 3% of its outstanding common stock for nearly USD 11.25 per share.

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