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Security Details
- Coupon Rate
- 7.45%
- Liquidation Preference
- $25.00
- Call Price
- $25.00
- Call / Redemption Date
- 10/28/2003
- Maturity Date
- 10/15/2038
- Distribution Period
- Q
- Rate Type
- Fixed
- Annual Distribution
- 1.8625
- Distribution Dates
- 1/15, 4/15, 7/15 & 10/15
- Credit Ratings
- Moody's NR · S&P NF (1/15/2006)
- Tax-Advantaged Dividends
- No
Security Profile
Security's distribution is suspended.
- CUSIP
- 042476606
- Market Cap
- Micro Cap · $76 Million
- IPO
- 10/23/1998 · $25.00/share
- Parent Company
- Armstrong World Industries (ACKHQ)
Business: Armstrong World Industries, Inc., 7.45% Senior Quarterly Interest Bonds due 2038 (QUIBS), issued in $25 denominations, redeemable at the issuer's option on or after 10/28/2003 at $25 per share plus accrued and unpaid interest, maturing 10/15/2038, distributions of 7.45% per annum are paid quarterly on 1/15, 4/15, 7/15 & 10/15 to holders of record on 15 days prior to the payment date. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The QUIBS are unsecured and unsubordinated obligations of the company and will rank equally with all existing and future unsecured and unsubordinated indebtedness of the company. See the IPO prospectus for further information on the debt securities by clicking on the ‘Link to IPO Prospectus’ provided below.
Notes: Bankruptcy effective on 10/23/2006 . 12/6/2000 Armstrong World Industries Inc. filed for Chapter 11 bankruptcy protection to resolve its asbestos liability.
Company Contact
- Headquarters
- 2500 Columbia Avenue, Lancaster, PA 17603
- Phone
- 717-397-0611 · Toll-Free 866-321-6677
- Fax
- 717-396-2439
- Investor Relations
- Tom Waters · 717-396-2216 · wmposey@armstrong.com