As previously disclosed, Libbey Inc. (the ‘Company’ or ‘Libbey’) and its wholly owned subsidiaries, Libbey Glass Inc. (‘Libbey Glass’) and Libbey Europe B.V. (‘Libbey Europe’), are parties to an amended and restated credit agreement dated as of February 8, 2010 and amended as of April 29, 2011, May 18, 2012, April 9, 2014 and December 7, 2017 (as amended, the ‘ABL Facility’), with a group of four financial institutions. The ABL Facility provides for borrowings of up to $100.0 million, subject to certain borrowing base limitations, reserves and outstanding letters of credit and matures on December 7, 2022. At December 31, 2019, outstanding borrowings under the ABL Facility were $17.4 million (excluding $10.0 million in letters of credit and other reserves). On March 19, 2020, the Company provided notice to the lenders to borrow $40.0 million under the ABL Facility (the ‘ABL Borrowing’). As of March 24, 2020, a total of $68.1 million was outstanding under the ABL Facility (excluding $10.0 million in letters of credit and other reserves), with $16.3 million of remaining availability. The current interest rate for the ABL Borrowing is 2.75%.