Armstrong Flooring Inc (AFIIQ)

[Dinofast]

Out of Business

[Dinofast]

They went of business.

[B4I8ahat]

What’s holding this back?

[Enterprising Investor]

GAMCO Investors, Inc beneficially owns 1,765,612 shares (5/27/22)

Controls 8.11 percent.

https://www.sec.gov/Archives/edgar/data/0001655075/000080724922000070/afi_13.htm

[Enterprising Investor]

Esopus Creek Value Series Fund LP – Series A beneficially owns 454,000 shares (5/26/22)

Controls 2.1 percent.

https://www.sec.gov/Archives/edgar/data/1655075/000101359422000454/armstrong13da1-052322.htm

Down from 1,100,000 shares at 5/10/22.

https://www.sec.gov/Archives/edgar/data/0001655075/000101359422000430/esopus13d-051122.htm

[Enterprising Investor]

Order (A) Approving Bidding Procedures In Connection with the Sale of Certain or All of the Debtors' Assets; (B) Establishing Procedures for the Debtors to Enter Into Stalking Horse Agreement with Bid Protections In Connection with a Sale of Certain or All of the Debtors' Assets; (C) Establishing Procedures Relating to the Assumption and Assignment of Certain Executory Contracts and Unexpired Leases; (D) Scheduling a Hearing to Consider Any Proposed Sale; and (E) Granting Certain Related Relief (5/31/22)

Bid Deadlines: 6/14/22 at 11:59 for the North American Assets (NA Auction) and 6/23/22 at 12:00 for the assets or equity of the Debtors’ affiliates in Australia and China (AC Auction), in each case, other than a credit bid by the DIP Agents on behalf of the DIP Lenders or the Prepetition Agents on behalf of the Prepetition Lenders, must be actually received in writing in electronic format by the parties specified in the Bidding Procedures;

Auctions: 6/16/22 at 10:00 ET for the NA Auction and 6/27/22 at 12:00 ET for the AC Auction.

Source: Epiq [Docket 233]

[Enterprising Investor]

Armstrong Flooring Receives Approval for Additional Financing (5/17/22)

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 asset-based revolving credit facility and a term loan facility (together, the “DIP Facilities”). The DIP Facilities are being provided by the Company’s pre-petition lenders, which include Bank of America, N.A. ("BANA"), other institutional lenders and affiliates of Pathlight Capital LP ("Pathlight"). BANA and Pathlight, respectively, will act as administrative agent and collateral agent under the DIP Facilities.

At yesterday’s hearing, the Company also received approval of its Critical Vendor Motion, which authorizes the Company to use $9 million of the $14 million requested. The remaining $5 million will be up for approval by the Bankruptcy Court on June 3, 2022. The $14 million of Critical Vendor funds are available for the payment of certain pre-petition claims of vendors and service providers whose goods and services are truly critical to its operations and who generally do not have existing contracts to supply.

These approvals come after a prior hearing where the Company received approval for other customary relief to support ordinary-course operations, including continuing employee wages and certain benefit programs, paying certain pre-petition claims of shippers and warehousemen, and honoring customer programs in the ordinary course of business.

The Company continues to work closely with several interested bidders for some or all of its assets and is operating its business as usual throughout the sale process.

For more information about Armstrong Flooring’s Chapter 11 case, please visit http://dm.epiq11.com/ArmstrongFlooring, email [e-mail] or call [phone] for U.S. calls or [phone] for international calls.

About Armstrong Flooring

Armstrong Flooring, Inc. (NYSE: AFI) 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 www.armstrongflooring.com.

https://ir.armstrongflooring.com/news-events/press-releases/detail/80/armstrong-flooring-receives-approval-for-additional

[Enterprising Investor]

Epiq is the claims agent

https://dm.epiq11.com/case/armstrongflooring/info

[ROCKY LEDGE]

.....made quite a little bit on L* back in the day!

Let's see here?

[Renee]

AFI changed to AFIIQ, bankruptcy. Delisted from the NYSE to the OTC:

https://otce.finra.org/otce/dailyList?viewType=Additions

[green maschine]

I bailed at .38. It looks like it wants to fill that other gap at .2946. I will be watching closely.

[bandit007]

Nice gap to fill all the way up to 1.5 range. There will be some nice moves here. IMO

[green maschine]

Yes this can easily double or triple in a couple of weeks. Expect AH pop.

[bandit007]

If we can break through low 50’s it’s blue skies! GL

[green maschine]

Looking good. Nice action over here.

[INTL]

Company working on swift sale. SHLD 2.0

[MACH1351CJ]

Looking good. Volume incomming.

[Welsh_Dragon]

Well looky here

[jokerwild477]

Thanks,

[MACH1351CJ]

Shares are very much intact. Was expecting some movement up after this news but...

[jokerwild477]

are shares staying intact

[MACH1351CJ]

Hope u r right:)

[diamondguru-one]

watch sunshine...they are being bought out ......see you over $1.00

[MACH1351CJ]

Doubt it, if so it would have been there by now, or atleast .50 - .70

[diamondguru-one]

over $1.00 next week ???? hmmmmm

Armstrong Flooring In Tentative Deal for $24M Bankruptcy Loan -- Market Talk
3:38 pm ET May 13, 2022 (Dow Jones) Print
1538 ET -
Armstrong Flooring has reached a tentative settlement that will provide $24M in new financing to support a sale process in its chapter 11 bankruptcy. Existing secured lenders Pathlight Capital LP and Bank of America Corp. had opposed a new $30M proposed loan from JMB Capital Partners Lending LLC. But in the US Bankruptcy Court in Wilmington, Del., Friday, Armstrong lawyer Ron Meisler said Pathlight and Bank of America had worked constructively with the vinyl tiles maker in recent days to reach an agreement, and that JMB Capital also had been supportive. They expect to finalize terms soon and will return to court Monday afternoon for approval. Meisler said Armstrong will also get the $14M it has sought to pay vendors. ([e-mail] ; @beckyyerak)

(END) Dow Jones Newswires
May 13, 2022 15:38 ET (19:38 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.

[MACH1351CJ]

Looks like we are fuc***

[MACH1351CJ]

Or not.....

[MACH1351CJ]

Yes:) .50 next

[bandit007]

There it is! :) $AFI

[diamondguru-one]

rumor has it they are going to be bought out.........they are fighting over the residential part of the business ...... they just want the commercial end of it.............

see yaaah at $1.75 !!!!!!!!!!!!!!

[bandit007]

Tomorrow?

[bandit007]

Yet…. $AFI

[Welsh_Dragon]

They are chasing into the close.

[MACH1351CJ]

One problem, we don't make it to .40 :(

[bandit007]

Once we break .40 I have a feeling this might gap up again. With some volume this moves easily. $AFI

[bandit007]

Moving up again

[bandit007]

Moving up again

[SantaZar]

#DDAmanda Chart on: $AFI :

You can scan for these before they run.
Contact/Text: 760 702-2009



What the Fact (Factor) Column is:

The Factor is a proprietary indicator used for scanning in #DDAmanda.

It's defined as Today's $Traded divided by the average daily $Traded (20 day avg).

SO, if a stock has say a 10 Factor that day, it means she traded 10 Times the $ she normally trades.

That's significant, and many times indicates that a run in the stock is coming.

Z

[bandit007]

Back in. Looks like this afternoon could be fun. $AFI

[bandit007]

Scalped it one more time and watching to see if it breaks upwards this afternoon to jump in again. GL

[Triple nickle]

Set your sells higher folks

[Triple nickle]

Easy money atm today

[Triple nickle]

Nine days to cover their screwed

[Triple nickle]

See ya at .72

[Triple nickle]

.48

[Triple nickle]

Hahahahaha they need shares

[Triple nickle]

Big seller at .57

[Triple nickle]

Sideways channel now could go anywhere

[bandit007]

Holy shit! Sold a minute too soon! .61 now!!

[Triple nickle]

Nice