Owens Corning Targets $2 Billion Bond Sale for Masonite Deal

May 28, 2024, 9:09 PM UTC

Owens Corning, a maker of roofing and insulation materials, is considering selling as much as $2 billion of investment-grade bonds tied to its acquisition of Masonite International Corp, a door maker, according to people familiar with the matter.

The Toledo, Ohio-based company held calls with investors on Tuesday and is expected to announce the sale as soon as Wednesday, the people said, asking not to be identified because the discussions are private. The offering is expected to include as many as three different maturities of bonds, including securities due in three, 10 and 30 years, according to a ...

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