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Owens Corning (OC) just unveiled an announcement.
Owens Corning successfully acquired Masonite International Corporation, with the transaction finalized at $133.00 per share, resulting in Masonite becoming an indirect wholly owned subsidiary of Owens Corning. To finance a portion of this deal, Owens Corning utilized a combination of loans, including borrowing $2.8 billion under a 364-Day Credit Facility and $300 million from a trade receivables securitization program. This strategic move was supported by Owens Corning’s prior financing arrangements and aims to strengthen its market position.
Learn more about OC stock on TipRanks’ Stock Analysis page.