Armstrong World unsecured creditors reject reorganization plan

By Carlise Newman

Chicago, Nov. 10 - Armstrong World Industries Inc. said its general unsecured creditors have rejected its fourth amended reorganization plan.

According to results filed with U.S. Bankruptcy Court, District of Delaware, holders of $527.68 million or 86.10% of the class 6 notes rejected the plan while holders of $79.5 million or 13.10% voted to accept it.

The amount by number voting to accept was 1,458, or 88.36%, while the amount by number voting to reject was 192, or 11.64%.

General unsecured creditors include holders of the 9% medium-term notes; the 6.35% senior notes; the 6½% senior notes; the 9¾% notes; the 7.45% notes; the 7.45% senior quarterly interest bonds; and the 5.95% interest rate bonds.

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