February 9, 2010 (FinancialWire) — Libbey Inc.’s (AMEX: LBY) Libbey Glass Inc. unit has completed a private placement of $400 million aggregate principal amount of 10% senior secured notes due 2015).

Libbey Glass used the net proceeds, together with cash on hand, to repurchase its existing $306 million Floating Rate Senior Secured notes due 2011 in a previously announced tender offer, repay its $80.4 million Senior Subordinated Secured Payment-in-Kind notes due 2021 and pay related fees and expenses.

Ohio-based Libbey operates glass tableware manufacturing plants in the United States, Mexico, China, Portugal and the Netherlands.

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