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Quotes & Info
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| LBY > SEC Filings for LBY > Form 8-K on 29-Jun-2012 | All Recent SEC Filings |
29-Jun-2012
Termination of a Material Definitive Agreement
Effective as of June 29, 2012, the indenture (the "Indenture") governing the 10% Senior Secured Notes (the "Notes"), dated as of February 8, 2010, between Libbey Glass Inc. ("Libbey Glass"), Libbey Inc. (the "Company") and the other guarantors party thereto, as guarantors, and The Bank of New York Mellon Trust Company, N.A., as trustee, has been discharged in accordance with its terms. Libbey Glass cancelled the Notes and discharged the Indenture on June 29, 2012, after redeeming the remaining $40.0 million aggregate principal amount of outstanding Notes in accordance with the terms of the Indenture at a redemption price of 103%. In connection with the redemption of the Notes, Libbey Glass paid total consideration of approximately $43.0 million, which consisted of: (i) $40.0 million for the aggregate principal amount tendered, (ii) approximately $1.5 million of accrued and unpaid interest on the Notes and (iii) approximately $1.2 million of premium associated with the redemption. We redeemed these notes in connection with, and the redemption constituted a part of, the overall refinancing of our capital structure completed on May 18, 2012.
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