Libbey Glass prepares to hold roadshow for $400 million five-year secured notes in Jan. 25 week

By Paul A. Harris

St. Louis, Jan. 22 - Libbey Glass Inc. will conduct an investor roadshow during the Jan. 25 week for its $400 million offering of five-year senior secured notes, according to an informed source.

The deal is expected to price the morning of Jan. 29.

Barclays Capital Inc. and Bank of America Merrill Lynch are joint bookrunners for the Rule 144A and Regulation S with registration rights offering. CJS Securities is the co-manager.

The notes are secured by a first-priority lien on fixed assets and a second-priority on ABL assets.

The notes come with 2.5 years of call protection.

Credit ratings remain to be determined.

Proceeds will be used to refinance debt.

The prospective issuer is a Toledo, Ohio-based glassware company.

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