Owens Corning obtains $800 million revolving credit facility
Clients Owens Corning
Jones Day represented Owens Corning (the "Company"), a global producer of residential and commercial building materials and of glass fiber reinforcements and other materials for composites, in connection with its $800 million revolving credit facility with Wells Fargo and Bank of America, as joint sustainability coordinators. The facility provides for borrowings in U.S. dollars, Canadian dollars, Sterling, Swiss Francs, and other available denominations.
The revolving credit agreement provides a framework for the Company to establish either Key Performance Indicators with respect to Environmental, Social and Governance (ESG) targets or establish external ESG ratings, compliance with which would result in lower borrowing costs for the Company.