---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-060765"
form_type: "8-K"
ticker: "OC"
cik: "0001370946"
company_name: "Owens Corning"
filed_at: "2024-03-06T23:59:59+00:00"
generated_at: "2026-06-05T02:27:42.916275+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Owens Corning secures $3.0B term loan, ups revolver to $1.0B for Masonite acquisition

## Summary
- Entered $3.0B 364-day term loan to finance part of Masonite acquisition.
- Amended credit agreement: revolver increased by $200M to $1.0B, matures March 2029.
- Amended A/R facility: limit raised from $280M to $300M, maturity extended to Feb 2025.
- Term loan contains customary covenants and events of default; subsidiaries not guaranteed.
- These facilities are part of financing for planned acquisition of Masonite International.

## SEC filing metadata
- accession: 0001193125-24-060765
- form_type: 8-K
- ticker: OC
- cik: 0001370946
- company_name: Owens Corning
- filed_at: 2024-03-06T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370946/000119312524060765/0001193125-24-060765-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370946/000119312524060765/d806262d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-060765
- JSON: https://secwatch.observer/filing/0001193125-24-060765.json
- Plain text: https://secwatch.observer/filing/0001193125-24-060765.txt

## Key facts
- Debt Financings
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000119312524060765/0001193125-24-060765-index.htm
- Debt Financings
  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
  source text: The Credit Agreement provides for a senior revolving credit facility (the “Senior Revolving Credit Facility”) in an aggregate principal amount of $1.0 billion
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000119312524060765/0001193125-24-060765-index.htm
- Material Agreements
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000119312524060765/0001193125-24-060765-index.htm
- Material Agreements
  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
  source text: 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).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000119312524060765/0001193125-24-060765-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.