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Subsequent Events
3 Months Ended
Mar. 31, 2012
Subsequent Events [Abstract]  
Subsequent Events
Subsequent Events

Termination of Interest Rate Agreement

On April 18, 2012, we terminated our $80.0 million fixed to floating rate Interest Rate Agreement. The termination value of the Interest Rate Agreement was $3.8 million, received by Libbey on April 20, 2012. The accrual portion of the gain will be a reduction to current period interest expense, while the remaining gain will be amortized over the life of our Senior Secured Notes.

Early Payment on RMB Loan Contract

On April 18, 2012, Libbey China pre-paid the July 2013 scheduled principal payment of RMB 60.0 million (approximately $9.5 million), incurring no fees, penalties or change in the remaining payment schedule. The remaining balance of the RMB Loan Contract balance is RMB 120.0 million, or approximately $19.0 million.

Partial Tender of Senior Secured Notes

On April 30, 2012, we announced that Libbey Glass commenced a cash tender offer to purchase up to $320.0 million of its outstanding $360.0 million aggregate Senior Secured Notes. The tender offer is scheduled to expire on May 25, 2012.