Owens Corning (NYSE:OC) Files An 8-K Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant
Item2.03 Creation of a Direct Financial Obligation or an
Obligation under an Off-Balance Sheet Arrangement
of a Registrant.
On May5, 2017, Owens Corning Sales, LLC and Owens Corning
Receivables, each a subsidiary of Owens Corning (the Company),
entered into a new amended and restated receivables purchase
agreement (the Second Amended and Restated RPA) related to the
Companys and its subsidiaries $250million trade receivables
financing facility. The commitments of the financial institutions
under the Second Amended and Restated RPA expire on May5, 2020.
The Second Amended and Restated RPA amends and restates in its
entirety, the Amended and Restated Receivables Purchase
Agreement, dated as of December16, 2011 (as amended, supplemented
or otherwise modified thereafter). A copy of the Second Amended
and Restated RPA is attached hereto as Exhibit 10.1. The
foregoing description does not purport to be complete and is
qualified in its entirety by reference to the full text of the
attached Second Amended and Restated RPA.
Item9.01 Financial Statements and Exhibits
|
Exhibit Number |
Description |
|
| 10.1 |
Second Amended and Restated Receivables Purchase Agreement dated as of May5, 2017. |
2
About Owens Corning (NYSE:OC)
Owens Corning is a holding company, which is engaged in the business of composite and building materials systems. The Company’s products range from glass fiber used to reinforce composite materials for transportation, electronics, marine, infrastructure, wind-energy and other markets to insulation and roofing for residential, commercial and industrial applications. The Company operates in three segments, namely, Composites, Insulation and Roofing. Its Composites segment consists of its Reinforcements and Downstream businesses. The Company’s Insulation products include thermal and acoustical batts, loosefill insulation, foam sheathing and accessories, and are sold under various brand names, such as Owens Corning PINK FIBERGLAS Insulation. The Company’s primary products in the Roofing segment are laminate and strip asphalt roofing shingles. It sells shingles and roofing accessories primarily through home centers, lumberyards, retailers, distributors and contractors in the United States. Owens Corning (NYSE:OC) Recent Trading Information
Owens Corning (NYSE:OC) closed its last trading session 00.00 at 61.65 with 1,004,903 shares trading hands.
