secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2024-03-06T23:59:59+00:00
Accession:  0001193125-24-060765
Event type: debt
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 2.03
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000119312524060765/0001193125-24-060765-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000119312524060765/d806262d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-060765

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer