On May 7, 2020, Libbey Inc. entered into Amendment No. 3 to the Senior Secured Credit Agreement, dated as of April 9, 2014 (the “Credit Agreement”), by and among the Company, Libbey Glass Inc., as borrower (the “Borrower), each of the Loan Parties (as defined in the Credit Agreement) and the lenders party thereto, as amended by Amendment No. 1 to the Credit Agreement on April 9, 2020 (“Amendment No. 1”) and Amendment No. 2 to the Credit Agreement on April 30, 2020 (“Amendment No. 2”). Amendment No. 3 provides for an extension of the date on which the Borrower is required under the Credit Agreement to make a prepayment of approximately $12 million from the Borrower’s Excess Cash Flow (as defined in the Credit Agreement) from May 7, 2020 to May 17, 2020, subject to certain conditions, including the Borrower’s provision of certain financial, operational and liquidity information to the lenders, and, no later than May 12, 2020, increasing the size of the Board of Directors of the Company from eight directors to ten directors and appointing two independent directors to fill the newly created vacancies. As previously reported, Amendment No. 1 extended the Borrower's Excess Cash Flow payment from April 9, 2020 to April 30, 2020, and Amendment No. 2 further extended the Borrower's Excess Cash Flow payment from April 30, 2020 to May 7, 2020. A copy of the Credit Agreement was filed as exhibit 4.2 to Libbey’s Current Report on Form 8-K filed with the Securities and Exchange Commission (the “SEC”) on April 11, 2014. The foregoing description of Amendment No. 3 does not purport to be a complete description and is qualified in its entirety by reference to the full text of Amendment No. 3. A copy of each of Amendment No. 1, Amendment No. 2 and Amendment No. 3 will be filed with Libbey’s Quarterly Report on Form 10-Q for the period ended March 31, 2020.