Case No. 20-11456
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.
On December 29, 2020, the Court entered a Final Decree closing 11 of the Debtors' 12 cases (the "Closed Cases"). Going forward, all matters relating to any of the Debtors or the Reorganized Debtors shall be administered under the case of LGA3 Corp. (Case No. 20-11456).
To view documents previously filed in connection with the Debtors on the Libbey Glass Inc. docket (Case No. 20-11439), please click here.
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.
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). On October 20, 2020, Bankruptcy Court entered an order confirming the Plan. On November 13, 2020, the Plan became effective.
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)
- Administrative Claims Bar Date: December 16, 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
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:
Richards, Layton & Finger, P.A.
One Rodney Square
920 North King Street
Wilmington, DE 19801
John H. Knight
Russell C. Silberglied
Paul N. Heath
Latham & Watkins LLP
1271 Avenue of the Americas
New York, NY 10020
George A. Davis
Keith A. Simon
Madeleine C. Parish
United States Trustee and Court Information
|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|