Objection by Schultze Asset Management to Owens Corning Disclosure Statement
IN THE UNITED STATES BANKRUPTCY COURT FOR THE DISTRICT OF DELAWARE
OWENS CORNING, et al., Debtors.
Case No. 00-3837(JKF)
OBJECTION OF SCHULTZE ASSET MANAGEMENT, LLC TO DISCLOSURE STATEMENT WITH RESPECT TO SIXTH AMENDED JOINT PLAN OF REORGANIZATION FOR OWENS CORNING AND ITS AFFILIATED DEBTORS AND DEBTORS-IN-POSSESSION AND MOTION FOR ORDER APPROVING RIGHTS OFFERING AND RELATED MATTERS
Schultze Asset Management, LLC (Schultze), which, through its various client accounts is a holder of more than $60,000,000 in face amount of notes classified in Class 5A under the Plan (including $15,900,000 face amount of the Owens Corning 7.5% bonds due 2018; $22,575,000 face amount of the Owens Corning 7.5% bonds due 2005; $6,100,000 of the Owens Corning 7.7% bonds due 2008; $6,800,000 of the Owens Corning 7% bonds due 2009, $3,950,000 of the Owens Corning Fiber 8.875% bonds due 2002, and $4,908,000 of the Owens Corning 7.25% DM bonds due 2000), hereby submits this Objection to the Disclosure Statement With Respect to Sixth Amended Joint Plan of Reorganization for Owens Corning and its Affiliated Debtors and Debtors-In-Possession, and the Motion For Order Approving Rights Offering Subscription Procedures and Related Matters,1 and in support thereof, respectfully represents ...