secwatch.observer — SEC 8-K summary
======================================

Issuer:     Owens Corning (OC)
CIK:        0001370946
Form:       8-K
Filed at:   2024-05-15T23:59:59+00:00
Accession:  0001193125-24-139454
Event type: m_and_a
Sentiment:  positive
Materiality: 0.90
Item codes: 2.01, 2.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1370946/000119312524139454/0001193125-24-139454-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1370946/000119312524139454/d825832d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-139454

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