secwatch.observer — SEC 8-K summary
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Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2024-04-15T23:59:59+00:00
Accession:  0001193125-24-096232
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000119312524096232/0001193125-24-096232-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000119312524096232/d784692d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-096232

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