Owens Corning talks $300 million 10-year senior notes at Treasuries plus 225 bps area

By Aleesia Forni and Paul A. Harris

Virginia Beach, Nov. 4 – Owens Corning set price talk for a planned $300 million offering of 10-year senior notes (Ba1/BBB-/BBB-) in the area of Treasuries plus 225 basis points, according to market sources and a 424B5 filed with the Securities and Exchange Commission.

Goldman Sachs & Co., J.P. Morgan Securities LLC and Wells Fargo Securities LLC are the bookrunners.

Proceeds will be used to fund a tender offer and for general corporate purposes, including the repayment of debt.

The glass fiber technology company and maker of composite and building materials is based in Toledo, Ohio.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.