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Published on 5/16/2006 in the Prospect News Distressed Debt Daily.

Longacre Master Fund buys $1.43 million claim against Owens Corning debtor

By Caroline Salls

Pittsburgh, May 16 - Longacre Master Fund, Ltd. bought Commonwealth Aluminum Corp.'s $1.43 million claim against Owens Corning debtor Exterior Systems, Inc., 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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