Libbey gets extension of plan confirmation, effective date deadlines

By Caroline Salls

Pittsburgh, Sept. 3 – Libbey Inc. entered into debtor-in-possession credit agreement amendments that extend Chapter 11 case milestones, according to an 8-K filed Thursday with the Securities and Exchange Commission.

Under the amendments, Libbey must obtain confirmation of a plan of reorganization by Oct. 5, and the plan effective date must occur by Oct. 7.

In addition, the date by which the company must obtain a ruling on collective bargaining agreement rejection motions or by which Libbey must executive definitive documents with each union modifying the contracts was extended to Sept. 16.

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.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.