Armstrong Flooring, Inc. (AFI)
After hours:
- GlobeNewswire
Armstrong Flooring Receives Approval for Additional Financing
LANCASTER, Pa., May 17, 2022 (GLOBE NEWSWIRE) -- Armstrong Flooring, Inc. (the “Company”) today announced that it 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, value-maximizing sale process. The DIP financing consists of an
- Bloomberg
Armstrong Flooring Paid Executives a $4.8 Million Bonus Before Bankruptcy
(Bloomberg) -- Armstrong Flooring Inc. paid its top executives $4.8 million just before filing bankruptcy, a move that was questioned by lenders.Most Read from BloombergMeet the Hedge-Fund Manager Who Warned of Terra’s $60 Billion ImplosionOmicron Is Turning Out to Be a Weak VaccineU.S. Stocks Extend Losses in Late Session Selloff: Markets WrapOne-Time Richest Singapore Tycoon Has Lost 80% of His FortuneMusk Says Twitter Deal at Lower Price Is ‘Not Out of the Question’Company Chief Executive Off
- Bloomberg
Armstrong Flooring Files Bankruptcy, Blaming Rising Costs
(Bloomberg) -- Armstrong Flooring Inc. filed for bankruptcy protection, saying it couldn’t raise prices high enough to keep up with rising supply and transportation costs.Most Read from BloombergMarcos Jr. Leads With 61% of Votes Counted: Philippines UpdateStocks Sink to 13-Month Low as U.S. Curve Steepens: Markets WrapDay Trader Army Loses All the Money It Made in Meme-Stock EraRussian Envoy to Poland Hit With Red Paint in War ProtestDictator’s Son Marcos Wins by Landslide in Philippine Electio
