Company: OC
Filing Date: 2025-03-06
Form Type: 8-K
Source: 0001370946-25-000117
Chunk: 1

Company: Owens Corning
Filing Date: 2025-03-06
Form: 8-K
Item: Item 2.03
Chunk 1
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Item 2.03.      Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.  

First Amendment

The information under Item 1.01 of this Current Report on Form 8-K is incorporated herein by reference into this Item 2.03.

Commercial Paper Program

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. Under the Program, the Company may issue the Notes from time to time. The proceeds from the Notes will be used to finance the Company’s short-term liquidity needs and other general corporate purposes. The Company intends to use the Program in a form consistent with its capital allocation priorities that include maintaining its investment grade credit profile and strong balance sheet. The maturities of the Notes will vary, but may not exceed 397 days from the date of issue. The Notes will be sold under customary terms in the commercial paper market and will be issued at a discount from par, or, alternatively, will be sold at par and bear varying interest rates on a fixed or floating basis.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

  Owens Corning                                                            
  By:                /s/ Todd W. Fister                                    
                     Todd W. Fister                                        
                     Executive Vice President and Chief Financial Officer