Attached files
| file | filename |
|---|---|
| EX-99.1 - EX-99.1 - LIBBEY INC | d349857dex991.htm |
| 8-K - 8-K - LIBBEY INC | d349857d8k.htm |
Exhibit 99.2
| U.S. Pension Funding Overview |
|
| ($ in millions) |
2011 Actual |
2012 Actual |
Illustrative Post Offering | |||||||
| Outstanding Senior Secured Notes at March 31 |
$ | 360.0 | $ | 360.0 | $450.0 | |||||
| Annualized interest on Senior Secured Notes |
$ | 36.0 | $ | 36.0 | $31.5 (1) | |||||
| Full-year U.S. pension plan cash contributions |
$ | 22.0 | $ | 23.5 | Substantially reduced after 2012 (2) | |||||
| Total annualized interest on Senior Secured Notes and U.S. cash pension plan contributions |
$ | 58.0 | $ | 59.5 | Substantially reduced after 2012 (2) | |||||
| GAAP U.S. pension plan expense |
$ | 10.9 | $ | 13.5 | Reduced after 2012 (2) | |||||
| Funding of U.S. pension plans to reduce future pension obligations and generate future free cash flow to enable us to reduce debt
|
| 1. | Assumes $450 million of New Senior Secured Notes issued at 7% annual interest rate |
| 2. | Actual cash contributions and pension expense relating to U.S. pension plans for periods after 2012 may vary depending upon changes in actuarial assumptions and actual asset returns. |