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News Owens Corning to exchange notes under Masonite International Corporation acquisition

Owens Corning to exchange notes under Masonite International Corporation acquisition

Written by Global Insulation staff
02 May 2024
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US: Owens Corning has launched an offer to exchange any and all outstanding 3.5% senior notes due 2030 issued by Masonite International Corporation for new notes to be issued by Owens Corning. Masonite is currently soliciting consents to adopt proposed amendments to the indenture governing its existing notes, aiming to eliminate certain covenants, restrictive provisions and events of default from the indenture.

The parties agreed to Owens Corning’s acquisition of Masonite in February 2024, and expect to complete the deal in mid-2024.

Published in Global Insulation News
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  • US
  • Owens Corning
  • Masonite International Corporation
  • Acquisition
  • Shares
  • Agreement

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