---
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"
generated_at: "2026-06-01T22:46:45.910248+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1370946/000119312524139454/0001193125-24-139454-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1370946/000119312524139454/d825832d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-139454
- JSON: https://secwatch.observer/filing/0001193125-24-139454.json
- Plain text: https://secwatch.observer/filing/0001193125-24-139454.txt

## Key facts
- Debt Financings
  Owens Corning incurred term loan of $2.8 billion with Morgan Stanley Senior Funding, Inc..
  - Instrument: term loan
  - Principal: $2.8 billion
  - Counterparty: Morgan Stanley Senior Funding, Inc.
  - Event: incurrence
  source text: On May 15, 2024, Owens Corning (i) borrowed $2.8 billion under the 364-Day Credit Facility
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000119312524139454/0001193125-24-139454-index.htm
- M&A Transactions
  Owens Corning completed an acquisition involving Masonite International Corporation for $133.00 per share (closed 2024-05-15).
  - Action: acquisition
  - Counterparty: Masonite International Corporation
  - Consideration: $133.00 per share
  - Closing: 2024-05-15
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1370946/000119312524139454/0001193125-24-139454-index.htm

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