secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2024-02-09T23:59:59+00:00
Accession:  0000950103-24-001972
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.85
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Owens Corning to acquire Masonite International for $133/share (~$3.9B)
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- Purchase price of $133.00 per share in cash; total enterprise value ~$3.9 billion.
- Pro forma revenue ~$12.6B, adjusted EBITDA ~$2.9B including $125M in cost synergies.
- Financed with cash on hand and $3.0B term loan from Morgan Stanley; net debt-to-EBITDA in 2-3x range.
- Owens Corning also announces strategic review of its glass reinforcements business within Composites segment.
- Transaction expected to close by mid-2025, subject to shareholder and regulatory approvals.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000095010324001972/0000950103-24-001972-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000095010324001972/dp206569_8k.htm
  HTML page:      https://secwatch.observer/filing/0000950103-24-001972

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