O
Owens Corning
Acquirer counsel
Davis Polk
James P. DoughertyPartner
Cheryl ChanPartner
10 lawyers involved
Rainmaker
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Weil advises Owens Corning on $500 million acquisition
Deal Overview
- Value
- $500m
- Deal type
- M&A
- Structure
- Data in progress
- Status
- Data in progress
Advisors
ACQUIRER
Davis Polk Overview
- The disclosed financing element was a US$500 million tender offer linked to the acquisition, under which Owens Corning offered to buy Masonite's 5.375% Senior Notes due 2028 and sought related consents from noteholders. That identifies a debt tender and consent solicitation as part of the transaction package.
- A notable feature of the deal is that Owens Corning paired the Masonite acquisition with a liability-management step targeting Masonite's 2028 senior notes. The process included both a purchase offer and a consent solicitation for those securities.