Libbey DIP lenders agree to extend Chapter 11 bankruptcy milestone

By Sarah Lizee

Olympia, Wash., Oct. 27 – Libbey Inc.’s debtor-in-possession term loan and ABL credit agreement lenders agreed to extend the date by which a plan of reorganization must be consummated to Nov. 6, according to an 8-K filing with the Securities and Exchange Commission.

The term loan was amended on Oct. 21, and the ABL was amended on Oct. 23.

As previously reported, the U.S. Bankruptcy Court for the District of Delaware confirmed the company’s plan of reorganization on Oct. 19.

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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