Armstrong Begins Receivables Securitization

Lancaster, PA, Dec. 14, 2010--Armstrong World Industries said it has established a $100 million receivables securitization program.

Armstrong World Industries and its subsidiary, Armstrong Hardwood Flooring Company, will sell their U.S. receivables to Armstrong Receivables Company LLC.

The receivables company will initially finance those receivables through Credit Agricole Corporate and Investment Bank, with a maximum commitment of $100 million. .

Related Topics:Armstrong Flooring, AHF Products