8-K filed May 15, 2024, 7:59 PM ET ticker OC CIK 0001370946

M&A confidence high sentiment positive materiality 0.90

Owens Corning completes $3.9B acquisition of Masonite; names Chris Ball President of Doors

Owens Corning

Acquired all outstanding Masonite shares for $133.00 per share; implied transaction value ~$3.9B.
Combined annual revenue grows to $12.5B; pro forma adjusted EBITDA of $2.9B on a synergized basis.
Owens Corning expects ~$125M of run-rate cost synergies; ROIC to exceed cost of capital by Year 3.
Financed partly with $2.8B drawn from 364-day credit facility and $300M from A/R facility.
Chris Ball, former President of Masonite Global Residential, appointed President of Doors reporting to CEO.

item 2.01 item 2.03 item 7.01 item 9.01

Machine-readable event card

schema_version: secwatch.filing_event.v1
accession: 0001193125-24-139454
form_type: 8-K
ticker: OC
cik: 0001370946
company_name: Owens Corning
filed_at: 2024-05-15T23:59:59+00:00
discovered_at: 2026-05-14T18:03:18.125588+00:00
generated_at: 2026-06-01T22:46:45.910248+00:00
sec_items: ["2.01", "2.03", "7.01", "9.01"]
event_type: m_and_a
sentiment: positive
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: high
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text_url: https://secwatch.observer/filing/0001193125-24-139454.txt
edgar_index_url: https://www.sec.gov/Archives/edgar/data/1370946/000119312524139454/0001193125-24-139454-index.htm
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Source-grounded claims

b55183c30958692f725e70cfa3e0249d1a7a6698

Owens Corning incurred term loan of $2.8 billion with Morgan Stanley Senior Funding, Inc..

On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility

SEC 8-K Item 2.03/2.04 confidence 0.9 SEC evidence

c271b8b95013ccea2d728687be7af5f2e0464619

Owens Corning completed an acquisition involving Masonite International Corporation for $133.00 per share (closed 2024-05-15).

Agreement, at the effective time of the Arrangement (the “Effective Time”), Purchaser acquired all of the issued and outstanding common shares of Masonite at a purchase price of $133.00 per share (the “Arrangement”). The Arrangement was implemented by way of a plan of arrangement pursuant to the Business Corporations Act (British Columbia). Upon completion of the

SEC 8-K Item 2.01/5.01 confidence 0.9 SEC evidence

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On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility

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On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility

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On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility

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On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility

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On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility

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On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility

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On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility

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Agreement, at the effective time of the Arrangement (the “Effective Time”), Purchaser acquired all of the issued and outstanding common shares of Masonite at a purchase price of $133.00 per share (the “Arrangement”). The Arrangement was implemented by way of a plan of arrangement pursuant to the Business Corporations Act (British Columbia). Upon completion of the

Comparable filing

“Buyer”), the Company and, solely for purposes of Section 8.05 thereto, Stevie Cooper and Stewart Cooper (the “Purchase Agreement”). The purchase price for the Acquisition is $17.0 million, subject to customary post-closing adjustments and to be paid as follows: (i) on the Closing Date, the Buyer paid the Seller $14.0 million in cash; (ii) 180 days after the

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Source: SEC EDGAR

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