Armstrong Flooring Receives Approval for Additional Financing
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Source: abladvisor.com, Date: 5/18/2022 8:00:00 AM, Article: Armstrong Flooring has received approval from the U.S. Bankruptcy Court for the District of Delaware to access its consensual debtor-in-possession ("DIP") financing totaling $24 million in net new money. This financing will provide the Company with the necessary liquidity to continue operating in the ordinary course as it pursues a swift...
Also, New York hedge fund discloses it scoops up 5% of stock a week before bankruptcy.
The company assured workers that benefits and wages would continue without disruption if it moves to restructure.
BOSTON, April 14, 2022 /PRNewswire/ -- Pathlight Capital LP ('Pathlight') announced it is serving as the Administrative Agent on the recently fund...