Thursday, Aug 25, 2016
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Libbey to issue notes for Vitrocrisa purchase

Libbey Inc. said yesterday it will issue $400 million in notes to help finance its acquisition of the remainder of its Mexican joint venture, Vitrocrisa, from its partner Vitro SA de CB.

The Toledo firm said the notes will be sold through a private offering to purchase the Mexican company's 51 percent interest and to repay some debt. The new notes will have a maturity date of 2014.

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