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Libbey Inc. refinances under five year credit facility

Libbey Inc. announced 28 June 2004 that it successfully refinanced its bank debt under a new USD 250 million unsecured revolving credit agreement on 24 June 2004. The new facility is for a term of fiv…

Libbey Inc. announced 28 June 2004 that it successfully refinanced its bank debt under a new USD 250 million unsecured revolving credit agreement on 24 June 2004. The new facility is for a term of five years. Commenting on the new facility, John F. Meier, chairman and chief executive officer, said “We are pleased that we were able to complete this five year agreement which provides the financial flexibility Libbey requires with very competitive rates and conditions.” Libbey Inc. produces tableware and dinnerware in glass, metal and ceramics for retail, foodservice and industrial clients. In 2003, Libbey Inc.“s net sales totaled USD 513.6 million.

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