Libbey Glass Inc.

Case No. 20-11439


Case Background

On June 1, 2020, Libbey and its U.S.-based subsidiaries filed voluntary petitions for a court-supervised reorganization under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. Libbey expects to use the court-supervised restructuring process to strengthen its balance sheet, to navigate the effects of the COVID-19 pandemic, and better position the Company for the future.

Libbey is continuing constructive discussions with its lenders and other stakeholders regarding the terms of a consensual financial restructuring plan and is focused on achieving a resolution as expeditiously as possible. The Chapter 11 process only relates to Libbey’s U.S.-based business and does not include its international subsidiaries in Canada, China, Mexico, the Netherlands and Portugal, which are operating in the normal course of business.

The Company is continuing to serve customers and end users globally, providing an extensive line of high-quality glassware and other tabletop products. In connection with the Chapter 11 filing, Libbey has received a commitment for up to $160 million in debtor-in-possession (“DIP”) financing from its current lenders, including a $100 million revolving credit facility and a $60 million term loan. Following court approval, the Company expects this financing, together with cash flow from operations, to support the business during the court-supervised process.

Libbey’s case has been assigned to the Honorable Laurie Selber Silverstein. The Case No. is 20-11439. The Docket can be accessed at https://cases.primeclerk.com/Libbey/Home-DocketInfo or through the website maintained by U.S. Bankruptcy Court for the District of Delaware.

For additional information and resources, including press releases and frequently asked questions, please visit www.LibbeyRestructuringInfo.com.

Important Information & Dates

 

Plan and Disclosure Statement

On August 21, 2020, the Debtors filed their Chatper 11 Plan of Reorganization and the Disclosure Statement related thereto. On August 24, 2020, the Bankruptcy Court entered an order approving the Disclosure Statement. The Bankruptcy Court will hold a hearing to consider confirmation of the Plan on October 19, 2020 at 10:00 a.m. (ET).

Deadline to File Claims

The Bankruptcy Court has set the following deadlines for filing proofs of claim:

    • General Bar Date: August 10, 2020, at 5:00 p.m. (ET)
    • Governmental Bar Date: November 30, 2020, at 5:00 p.m. (ET)

Click on "Submit a Claim" above to download the applicable proof of claim form and for more information regarding filing a claim against the Debtors.

Hearing on First Day Motions

A hearing on the Debtors' First Day Motions was held telephonically on June 2, 2020 at 1:00 p.m. (prevailing Eastern Time) before The Honorable Laurie Selber Silverstein, United States Bankruptcy Court for the District of Delaware.

Any party wishing to participate in the hearing must appear through both CourtCall and Zoom. 

To appear by video conference, parties should use the following information:

Join ZoomGov hearing: https://debuscourts.zoomgov.com/j/1617326836,
Meeting ID: 161 732 6836
Password: 743558 

To appear telephonically, parties should contact CourtCall, LLC at 844-925-0626 to register their appearance. 
Please Note: Audio must be muted in Zoom once connected. CourtCall, LLC will provide the audio for the hearing.

Please click below to view and download the Debtors' First Day Motions:

First Day Motions


Dates

October 19 2020 Omnibus Hearing 2:30 p.m. (ET) Notice of Agen... Add to Calendar
November 19 2020 Omnibus Hearing 2:00 p.m. (ET) Order Scheduli... Add to Calendar
November 30 2020 Governmental Bar Date 5:00 p.m. (ET) Notice of Bar ... Add to Calendar
+ SHOW ALL DATES
June 1 2020 __
Petition Date Add to Calendar
June 2 2020 1:00 p.m. (ET)
July 2 2020 10:00 a.m. (ET)
July 7 2020 1:00 p.m. (ET)
July 13 2020 11:00 a.m. (ET)
July 22 2020 2:00 p.m. (ET)
August 5 2020 2:30 p.m. (ET)
August 10 2020 5:00 p.m. (ET)
August 21 2020 10:00 a.m. (ET)
September 16 2020 10:00 a.m. (ET)
September 21 2020 10:00 a.m. (ET)
October 2 2020 10:00 a.m. (ET)
October 2 2020 10:00 a.m. (ET)
October 19 2020 2:30 p.m. (ET)
November 19 2020 2:00 p.m. (ET)
November 30 2020 5:00 p.m. (ET)

Parties

Debtors' Counsel

  • Richards, Layton & Finger, P.A.

    One Rodney Square
    920 North King Street
    Wilmington, DE   19801
    http://www.rlf.com
    Phone: 302.651.7700
    Fax: 302.651.7701

    John H. Knight
    Russell C. Silberglied
    Paul N. Heath

  • Latham & Watkins LLP

    885 Third Avenue
    New York, NY   10022
    https://www.lw.com
    Phone: 212.906.1200
    Fax: 212.751.4864

    George A. Davis
    Keith A. Simon
    David Hammerman
    Anupama Yerramalli
    Madeleine C. Parish

United States Trustee and Court Information

  • Office of the United States Trustee

    844 King Street
    Suite 2207
    Wilmington, DE   19801
    http://www.deb.uscourts.gov

    Benjamin Hackman

  • United States Bankruptcy Court

    District of Delaware
    824 Market Street North, 3rd Floor
    Wilmington, DE   19801
    www.deb.uscourts.gov
    Phone: 302.252.2900



Debtors

Case Number Debtor Name Petition Date
Case Number 20-11439 Debtor Name Libbey Glass Inc. Petition Date June 01, 2020
Case Number 20-11440 Debtor Name Libbey Inc. Petition Date June 01, 2020
Case Number 20-11443 Debtor Name Libbey.com LLC Petition Date June 01, 2020
Case Number 20-11446 Debtor Name Syracuse China Company Petition Date June 01, 2020
Case Number 20-11448 Debtor Name The Drummond Glass Company Petition Date June 01, 2020
Case Number 20-11447 Debtor Name LGC Corp. Petition Date June 01, 2020
Case Number 20-11450 Debtor Name LGAC LLC Petition Date June 01, 2020
Case Number 20-11444 Debtor Name LGFS Inc. Petition Date June 01, 2020
Case Number 20-11455 Debtor Name LGAU Corp. Petition Date June 01, 2020
Case Number 20-11453 Debtor Name LGA4 Corp. Petition Date June 01, 2020
Case Number 20-11456 Debtor Name LGA3 Corp. Petition Date June 01, 2020
Case Number 20-11451 Debtor Name World Tableware Inc. Petition Date June 01, 2020