FAQs
Collapse All
Expand All
Group 5 Created with Sketch.
Add Button Created with Sketch.
Chapter 11 Filing: Frequently Asked Questions
1. Why did KFI file for Chapter 11?
Group 5 Created with Sketch.
Add Button Created with Sketch.
In March of 2023, the Board of Directors (the “Board”) of Kidde-Fenwal, Inc. (“KFI” or the “Company”) was reconstituted with a majority of independent directors to initiate a strategic review process in light of the substantial claims against the Company related to aqueous film-forming foam (“AFFF”). KFI manufactured and sold AFFF under the brand name National Foam from 2007 to 2013. Although KFI no longer manufactures or sells AFFF, it has been named in thousands of lawsuits arising out of these activities prior to its sale of the National Foam business in 2013. As part of the strategic review, the KFI Board retained Guggenheim Securities to advise on a potential sale of its business. After considering the available alternatives, the KFI Board determined that commencing a sale process in connection with a chapter 11 petition under the United States Bankruptcy Code (“Chapter 11”), which the Company filed in the United States Bankruptcy Court for the District of Delaware (the “Court”), was in the best interest of KFI and its stakeholders.
2. Is KFI still in business?
Group 5 Created with Sketch.
Add Button Created with Sketch.
In July of 2024, the Court approved a sale of KFI’s business. The Company, now re-named KFI Wind-Down Corp., is therefore no longer in business, although its former business operations continue under new ownership.
3. What if I have a claim against KFI that is unrelated to PFAS?
Group 5 Created with Sketch.
Add Button Created with Sketch.
The Court approved November 10, 2023, at 5:00 p.m., prevailing Eastern Time as the Bar Date for claims that are not related to PFAS. If you have any questions about the claims process, you can contact KFI’s claims agent, Stretto, by calling (866) 887-0488 (Toll-Free) and (949) 889-0128 (International) or e-mailing kfiinquiries@stretto.com.
4. What if I have a claim against KFI that is related to PFAS?
Group 5 Created with Sketch.
Add Button Created with Sketch.
PFAS Claims are claims against KFI that arise from the design, manufacture, storage, marketing, use, distribution, discharge or sale of per- and poly?uoroalkyl substances (“PFAS”) and PFAS-containing products (including but not limited to AFFF) and claims that relate directly or indirectly to precursor, derivative or resultant chemicals from PFAS or AFFF. If you have any further questions about whether your claim is a PFAS Claim or not, you should seek legal advice. There is currently no Bar Date set for PFAS Claims. Rather, the Company’s proposed chapter 11 plan channels PFAS-related claims against the Company a settlement trust that will administer those claims pursuant to Court-approved settlement trust documents.
5. What is a Disclosure Statement Hearing Notice, and why did I receive one?
Group 5 Created with Sketch.
Add Button Created with Sketch.
The Disclosure Statement Hearing Notice provides notice regarding the hearing on approval of the Debtor’s proposed Disclosure Statement and solicitation procedures. The Disclosure Statement is a document that contains information about the Company’s proposed Plan to assist creditors in determining whether to vote in favor of or against the Plan. Once the Court approves a Disclosure Statement and the solicitation procedures, the Company will proceed with soliciting votes on the Plan by sending the Plan, Court-approved Disclosure Statement and solicitation materials to creditors in accordance with the solicitation procedures for voting.
6. I have a question that isn’t answered here. Where can I get more information?
Group 5 Created with Sketch.
Add Button Created with Sketch.
We have engaged a claims agent, Stretto, to help answer questions from customers, employees, partners and other stakeholders and provide information about the restructuring process. Stretto’s restructuring information line can be contacted at (866) 887-0488 (U.S. Toll-Free) or (949) 889-0128 (International) or by email at kfiinquiries@stretto.com. Stretto has also set up a website at https://cases.stretto.com/KFI, which includes court documents and other information.