debt
confidence high
sentiment neutral
materiality 0.55
Owens Corning issues $373.2M in new 3.50% Senior Notes due 2030 in exchange for Masonite notes
Owens Corning
- Issued $373.2M aggregate principal of new 3.50% Senior Notes due 2030, exchanging existing Masonite notes.
- Exchange offer accepted tendered Masonite notes; cash consent payment made to exchanging holders.
- New notes mature Feb 15 2030, interest 3.50% semi-annual, senior unsecured, rank equally with other senior debt.
- Entered registration rights agreement to exchange new notes for registered notes within 365 days or pay additional interest.
- After settlement, ~$1.9M aggregate principal of Masonite notes remains outstanding.