Owens Corning issues $450 million of Green Bonds

Client(s) Owens Corning

Jones Day represented Owens Corning, a global producer of residential and commercial building materials and of glass fiber reinforcements and other materials for composites, in connection with its underwritten public offering of $450 million aggregate principal amount of 3.950% Senior Notes due 2029.

Owens Corning intends to allocate an amount equal to the net proceeds from the offering to one or more Eligible Green Projects. Owens Corning is the first U.S. industrial company to issue Green Bonds.

Pending such allocation, Owens Corning used the net proceeds from the offering to fund tender offers for its outstanding 4.200% Senior Notes due 2022 and 7.000% Senior Notes due 2036.