Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Owens Corning amended debt of $300.0 million with PNC Bank, National Association maturing February 28, 2025.
- Principal
- $300.0 million
- Counterparty
- PNC Bank, National Association
- Maturity
- February 28, 2025
- Event
- amendment
Exact text from the filing
increase the A/R Facility limit from $280.0 million to $300.0 million, extend the scheduled maturity date from April 26, 2024 to February 28, 2025
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Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Owens Corning amended revolving credit of $1.0 billion with Wells Fargo Bank, National Association at applicable margin plus Adjusted Term SOFR, Base Rate, Eurocurrency Rate, SONIA, maturing March 1, 2029.
- Instrument
- revolving credit
- Principal
- $1.0 billion
- Counterparty
- Wells Fargo Bank, National Association
- Rate
- applicable margin plus Adjusted Term SOFR, Base Rate, Eurocurrency Rate, SONIA,
- Maturity
- March 1, 2029
- Event
- amendment
Exact text from the filing
The Credit Agreement provides for a senior revolving credit facility (the “Senior Revolving Credit Facility”) in an aggregate principal amount of $1.0 billion
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Owens Corning amended Second Amended and Restated Credit Agreement with Wells Fargo Bank, National Association valued at $1,000,000,000 revolving credit facility (effective 2024-03-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Wells Fargo Bank, National Association
- Value
- $1,000,000,000 revolving credit facility
- Effective
- 2024-03-01
Exact text from the filing
On March 1, 2024 (the “Effective Date”), Owens Corning (the “Company”), as borrower, entered into that certain Second Amended and Restated Credit Agreement (the “Credit Agreement”) with various financial institutions, as lenders, and Wells Fargo Bank, National Association, as administrative agent.
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Owens Corning amended A/R Facility (Amended and Restated Receivables Purchase Agreement) with PNC Bank, National Association valued at $300,000,000 trade receivables securitization facility (effective 2024-03-01).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- PNC Bank, National Association
- Value
- $300,000,000 trade receivables securitization facility
- Effective
- 2024-03-01
Exact text from the filing
On the Effective Date, the Company amended and restated its trade receivables securitization program (the “A/R Facility”) to, among other things, increase the A/R Facility limit from $280.0 million to $300.0 million, extend the scheduled maturity date from April 26, 2024 to February 28, 2025 and add certain subsidiaries of the Company as Originators (as defined below).
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