-
市场
-
产品
-
资讯
-
Moo社区
-
课堂
-
查看更多
-
功能介绍
-
费用费用透明,无最低余额限制
投资选择、功能介绍、费用相关信息由Moomoo Financial Inc.提供
- English
- 中文繁體
- 中文简体
- 深色
- 浅色
Armstrong Flooring Announces Results of Chapter 11 Auction for Chinese and Australian Businesses
Armstrong Flooring Announces Results of Chapter 11 Auction for Chinese and Australian Businesses
LANCASTER, Pa., July 11, 2022 (GLOBE NEWSWIRE) -- Armstrong Flooring, Inc. (OTC: AFIIQ), a leader in the design and manufacture of innovative flooring solutions ("Armstrong Flooring" or "the Company"), today announced that, in continuation of its ongoing Chapter 11 restructuring, the auction held as a part of its court-supervised sale process has concluded with the following bids deemed as the highest and best offers:
- Giant Group will acquire the equity interests in the Company's Hong Kong holding company subsidiary, including all associated operations, for $59 million; and
- Cowes Bay will acquire substantially all of the Company's Australian assets for $31 million plus assumption of specified liabilities.
Giant Group and Cowes Bay will operate the Chinese and Australian businesses, respectively. The Chinese and Australian businesses will continue to operate as usual pending consummation of the respective sales.
This announcement comes following the previous disclosure that a consortium of buyers consisting of AHF and Gordon Brothers will acquire Armstrong Flooring's North American assets for $107 million plus assumption of specified liabilities.
The proposed transactions are the outcome of a court-supervised auction that was held on June 27, 2022. Ultimately, the bids from Giant Group and Cowes Bay were deemed the highest and best offers for the international assets. The proposed transactions are subject to Bankruptcy Court approval, as well as regulatory approvals and customary closing conditions. They will be heard at a U.S. Bankruptcy Court hearing currently scheduled for July 12, 2022.
As previously disclosed, the Company continues to work alongside its ABL lenders and they have agreed to allow the Company to use the proceeds of the DIP financing and cash collateral, which will enable Armstrong Flooring to continue operating its business while they finalize all details and close the sale transactions.
About Armstrong Flooring
Armstrong Flooring, Inc. is a global leader in the design and manufacture of innovative flooring solutions that inspire beauty wherever your life happens. Headquartered in Lancaster, Pennsylvania, Armstrong Flooring continually builds on its resilient, 150-year legacy by delivering on its mission to create a stronger future for customers through adaptive and inventive solutions. The company safely and responsibly operates seven manufacturing facilities globally, working to provide the highest levels of service, quality, and innovation to ensure it remains as strong and vital as its 150-year heritage. Learn more at .
Forward Looking and Cautionary Statements
Disclosures in this release and in our other public documents and comments contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding proposed sales and judicial approval, provide our future expectations or forecasts and can be identified by our use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "outlook," "target," "predict," "may," "will," "would," "could," "should," "seek," and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements, by their nature, address matters that are uncertain and involve risks because they relate to events and depend on circumstances that may or may not occur in the future. As a result, our actual results may differ materially from our expected results and from those expressed in our forward-looking statements. A more detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated, or implied is included in our reports filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update any forward-looking statements beyond what is required under applicable securities law.
Contact:
Media: Rachel Chesley / Diana Baldo ArmstrongFlooring@fticonsulting.com | Investors: Amy Trojanowski ir@armstrongflooring.com |
LANCASTER, Pa., July 11, 2022 (GLOBE NEWSWIRE) -- Armstrong Flooring, Inc. (OTC: AFIIQ), a leader in the design and manufacture of innovative flooring solutions ("Armstrong Flooring" or "the Company"), today announced that, in continuation of its ongoing Chapter 11 restructuring, the auction held as a part of its court-supervised sale process has concluded with the following bids deemed as the highest and best offers:
环球通讯社宾夕法尼亚州兰开斯特,2022年7月11日电阿姆斯特朗地板公司(场外交易代码:AFIIQ)是一家设计和制造创新地板解决方案(“阿姆斯特朗地板”或“本公司”)的领先企业,该公司今天宣布,作为其法院监督销售过程的一部分,作为其正在进行的第11章重组的继续进行的拍卖已经结束,以下报价被认为是最高和最好的报价:
- Giant Group will acquire the equity interests in the Company's Hong Kong holding company subsidiary, including all associated operations, for $59 million; and
- Cowes Bay will acquire substantially all of the Company's Australian assets for $31 million plus assumption of specified liabilities.
- 巨人集团将以5,900万美元收购本公司香港控股公司附属公司的股权,包括所有相关业务;以及
- 考斯贝公司将以3100万美元的价格收购该公司在澳大利亚的几乎所有资产,外加承担特定的债务。
Giant Group and Cowes Bay will operate the Chinese and Australian businesses, respectively. The Chinese and Australian businesses will continue to operate as usual pending consummation of the respective sales.
巨人集团和考斯湾将分别经营中国和澳大利亚的业务。在完成各自的销售之前,中国和澳大利亚的业务将继续照常运营。
This announcement comes following the previous disclosure that a consortium of buyers consisting of AHF and Gordon Brothers will acquire Armstrong Flooring's North American assets for $107 million plus assumption of specified liabilities.
这一声明是在之前披露由AHF和戈登兄弟公司组成的买家财团将以1.07亿美元外加承担特定债务收购阿姆斯特朗地板公司北美资产之后宣布的。
The proposed transactions are the outcome of a court-supervised auction that was held on June 27, 2022. Ultimately, the bids from Giant Group and Cowes Bay were deemed the highest and best offers for the international assets. The proposed transactions are subject to Bankruptcy Court approval, as well as regulatory approvals and customary closing conditions. They will be heard at a U.S. Bankruptcy Court hearing currently scheduled for July 12, 2022.
拟议的交易是2022年6月27日在法院监督下举行的拍卖的结果。最终,巨人集团和考斯湾的出价被认为是对这些国际资产的最高和最好的报价。拟议的交易还有待破产法院的批准,以及监管部门的批准和惯常的成交条件。他们将在目前定于2022年7月12日举行的美国破产法院听证会上进行听证。
As previously disclosed, the Company continues to work alongside its ABL lenders and they have agreed to allow the Company to use the proceeds of the DIP financing and cash collateral, which will enable Armstrong Flooring to continue operating its business while they finalize all details and close the sale transactions.
正如之前披露的那样,公司继续与其ABL贷款人合作,他们已同意允许公司使用DIP融资和现金抵押品的收益,这将使阿姆斯特朗地板在他们敲定所有细节并完成销售交易的同时继续经营其业务。
About Armstrong Flooring
关于阿姆斯特朗地板
Armstrong Flooring, Inc. is a global leader in the design and manufacture of innovative flooring solutions that inspire beauty wherever your life happens. Headquartered in Lancaster, Pennsylvania, Armstrong Flooring continually builds on its resilient, 150-year legacy by delivering on its mission to create a stronger future for customers through adaptive and inventive solutions. The company safely and responsibly operates seven manufacturing facilities globally, working to provide the highest levels of service, quality, and innovation to ensure it remains as strong and vital as its 150-year heritage. Learn more at .
阿姆斯特朗地板公司是设计和制造创新地板解决方案的全球领先者,无论您的生活发生在哪里,都能激发美的灵感。总部设在宾夕法尼亚州兰开斯特市的阿姆斯特朗地板公司继续发扬其坚韧的150年传统,通过提供适应性和创造性的解决方案,实现为客户创造更美好未来的使命。该公司安全、负责任地在全球运营着七家制造工厂,致力于提供最高水平的服务、质量和创新,以确保它与其150年的传统一样强大和重要。了解更多信息,请访问。
Forward Looking and Cautionary Statements
前瞻性声明和警告性声明
Disclosures in this release and in our other public documents and comments contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding proposed sales and judicial approval, provide our future expectations or forecasts and can be identified by our use of words such as "anticipate," "estimate," "expect," "project," "intend," "plan," "believe," "outlook," "target," "predict," "may," "will," "would," "could," "should," "seek," and other words or phrases of similar meaning in connection with any discussion of future operating or financial performance. Forward-looking statements, by their nature, address matters that are uncertain and involve risks because they relate to events and depend on circumstances that may or may not occur in the future. As a result, our actual results may differ materially from our expected results and from those expressed in our forward-looking statements. A more detailed discussion of the risks and uncertainties that could cause our actual results to differ materially from those projected, anticipated, or implied is included in our reports filed with the U.S. Securities and Exchange Commission. Forward-looking statements speak only as of the date they are made. We undertake no obligation to update any forward-looking statements beyond what is required under applicable securities law.
本新闻稿和我们的其他公开文件和评论中披露的内容包含1995年《私人证券诉讼改革法》所指的前瞻性陈述,包括但不限于关于拟议的销售和司法批准的陈述,提供我们对未来的期望或预测,并可通过我们使用的词语来识别,如“预期”、“估计”、“预期”、“项目”、“打算”、“计划”、“相信”、“展望”、“目标”、“预测”、“可能”、“将“将”、“可能”、“应该”、“寻求”,以及与任何关于未来经营或财务表现的讨论有关的其他类似含义的词语或短语。前瞻性陈述的性质涉及不确定和涉及风险的事项,因为它们与事件有关,并取决于未来可能发生或可能不发生的情况。因此,我们的实际结果可能与我们的预期结果以及我们的前瞻性陈述中表达的结果大不相同。我们在提交给美国证券交易委员会的报告中对可能导致我们的实际结果与预测、预期或暗示的结果大不相同的风险和不确定因素进行了更详细的讨论。前瞻性陈述仅在其发表之日起发表。我们没有义务更新任何超出适用证券法要求的前瞻性陈述。
Contact:
联系方式:
Media: Rachel Chesley / Diana Baldo ArmstrongFlooring@fticonsulting.com |
Investors: Amy Trojanowski ir@armstrongflooring.com |
媒体: 蕾切尔·切斯利/戴安娜·鲍尔多 邮箱:Armstrong Floors@ftiConsulting.com |
投资者: 艾米·特罗扬诺夫斯基 邮箱:ir@armstrong floring.com |
moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Futu Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Futu Malaysia Sdn. Bhd.是关联公司。
风险及免责提示
moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Futu Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Futu Malaysia Sdn. Bhd.是关联公司。
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用浏览器的分享功能,分享给你的好友吧