LIBBEY INC. Item 1.01 Entry into a Material Definitive Agreement
On
A copy of the Credit Agreement was filed as exhibit 4.2 to Libbey's Current
Report on Form 8-K filed with the
Cautionary Note on Forward-Looking Statements
This Current Report on Form 8-K includes forward-looking statements as defined
in Section 27A of the Securities Act and Section 21E of the Securities Exchange
Act of 1934, as amended. Such statements reflect only the Company's best
assessment at this time and are indicated by words or phrases such as "goal,"
"plan," "expects," " believes," "will," "estimates," "anticipates," or similar
phrases. These forward-looking statements include all matters that are not
historical facts. They include statements regarding the Company's intentions,
beliefs or current expectations concerning, among other things, the impact of
COVID-19 on our operations and the length of time of such impact, our results of
operations, financial condition, liquidity, prospects, growth, strategies and
the impact of COVID-19 on the industry in which we operate and the industries we
serve. By their nature, forward-looking statements involve risks and
uncertainties because they related to events and depend on circumstances that
may or may not occur in the future. Investors are cautioned that forward-looking
statements are not guarantees of future performance and that our actual results
of operations, financial condition and liquidity, and the development of the
industry in which we operate, may differ materially from these statements.
Investors should not place undue reliance on such statements. Important factors
potentially affecting performance include but are not limited to risks and
uncertainties related to the impact of COVID-19 on the global economy, our
associates, our customers and our operations, our high level of indebtedness and
the availability and cost of credit; high interest rates that increase the
Company's borrowing costs or volatility in the financial markets that could
constrain liquidity and credit availability; the inability to achieve savings
and profit improvements at targeted levels in the Company's operations or within
the intended time periods; increased competition from foreign suppliers
endeavoring to sell glass tableware, ceramic dinnerware and metalware in our
core markets; global economic conditions and the related impact on consumer
spending levels; major slowdowns or changes in trends in the retail, travel,
restaurant and bar or entertainment industries, and in the retail and
foodservice channels of distribution generally, that impact demand for our
products; inability to meet the demand for new products; material restructuring
charges related to involuntary employee terminations, facility sales or
closures, or other various restructuring activities; significant increases in
per-unit costs for natural gas, electricity, freight, corrugated packaging, and
other purchased materials; our ability to borrow under our ABL credit agreement;
protracted work stoppages related to collective bargaining agreements; increased
pension expense associated with lower returns on pension investments and
increased pension obligations; increased tax expense resulting from changes to
tax laws, regulations and evolving interpretations thereof; devaluations and
other major currency fluctuations relative to the
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