Armstrong Refinances Credit Agreement

Lancaster, PA, March 18, 2013 -- Armstrong World Industries said it has closed on a new $1.275 billion senior secured credit facility consisting of $250 million in revolving credit, a $575 million term loan, and a $450 million term loan.

Proceeds will be used to repay the company's previous credit agreement, which is expected to lower annual interest expense by $8 million.

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