Owens Corning files pro forma for $133/share cash acquisition of Masonite; $3B debt financing

Owens Corning

$133 per share in cash, ~38% premium to Masonite's closing price on Feb 8, 2024.
Committed debt financing up to $3B from Morgan Stanley Senior Funding, plus cash on hand.
Proceeds used to repay Masonite's 2027 term loan facility at closing.
Pro forma balance sheet as of Dec 31, 2023 and income statement for FY2023 filed.
Transaction subject to Masonite shareholder approval and regulatory clearances in multiple jurisdictions.

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