Court Approves Owens Corning Exit Financing
The amount includes a $1.4 billion term loan and a $1 billion revolving credit facility. An additional $2.2 billion rights offering is also expected.
According to Owens Corning, the company’s total enterprise value at emergence is estimated at around $5.9 billion.
On Tuesday, the company announced that it had purchased the Modulo/ParMur Group, a French-based maker and...
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