Libbey DIP credit agreement amendments extend plan-related milestones

By Caroline Salls

Pittsburgh, July 10 – Libbey Inc. entered into debtor-in-possession credit agreement amendments that extend Chapter 11 case milestones, according to an 8-K filed Friday with the Securities and Exchange Commission.

Under the amendments, Libbey must obtain an order approving solicitation of a plan of reorganization by Aug. 12 and must begin soliciting votes on the plan by Aug. 14.

The deadline for obtaining confirmation of the plan was extended to Sept. 25, and the plan effective date deadline was pushed back to Oct. 2.

Libbey is a Toledo, Ohio-based glassware manufacturer. The company filed bankruptcy on June 1 in the U.S. Bankruptcy Court for the District of Delaware under Chapter 11 case number 20-11439.

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