Cahill Represents Lead Arrangers in $440 Million Credit Facility for Libbey Glass
Date: 04/09/14
Cahill represented Citibank as administrative agent and Citigroup Global Markets, J.P. Morgan Securities, Barclays Bank, and Fifth Third Bank as lead arrangers in connection with the $440,000,000 Term B loan for Libbey Glass Inc., the largest manufacturer of glass tableware in the western hemisphere and one of the largest glass tableware manufacturers in the world. Proceeds from the facility were used to finance Libbey Glass Inc.’s tender offer and consent solicitation with respect to the company’s outstanding 6.875% senior secured notes, in which Cahill represented Citigroup Global Markets as dealer manager and consent solicitation agent.