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Published on 2/14/2006 in the Prospect News Distressed Debt Daily.

Longacre Master Fund buys $1.86 million claim against Owens Corning

By Caroline Salls

Pittsburgh, Feb. 14 - Longacre Master Fund, Ltd. bought Valero Energy Corp. and Diamond Shamrock Refining and Marketing Co.'s $1.86 million claim against Owens Corning, according to a Tuesday filing with the U.S. Bankruptcy Court for the District of Delaware.

Owens Corning, a Toledo, Ohio, building materials company, filed for bankruptcy on Oct. 5, 2000. Its Chapter 11 case number is 00-3837.


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