Owens Corning (OC): debt financing — Owens Corning boosts revolver by $500M, launches $1.5B commercial paper program

Owens Corning

Amended credit agreement increases revolving commitments by $500.0 million and extends maturity to March 5, 2030.
Established a commercial paper program allowing up to $1.5 billion of unsecured notes outstanding at any time.
Proceeds from commercial paper will fund short-term liquidity needs and general corporate purposes.
Notes under CP program will have maturities up to 397 days, issued at discount or par with fixed/floating rates.
Amended credit agreement dated March 5, 2025; program also effective March 5, 2025.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Owens Corning incurred debt of up to a maximum aggregate amount outstanding at any time of $1,500.0 million maturing may not exceed 397 days from the date of issue.

Principal: up to a maximum aggregate amount outstanding at any time of $1,500.0 million
Maturity: may not exceed 397 days from the date of issue
Event: incurrence

Exact text from the filing

On March 5, 2025, the Company established a commercial paper program (the “Program”), pursuant to which the Company may issue, on a private placement basis, unsecured commercial paper notes (the “Notes”) up to a maximum aggregate amount outstanding at any time of $1,500.0 million.

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Source: SEC EDGAR

accession 0001370946-25-000117

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