Owens Corning Commences Secondary Offering of Common Stock by Selling Stockholder
February 22 2010 - 6:26AM
PR Newswire (US)
TOLEDO, Ohio, Feb. 22 /PRNewswire-FirstCall/ -- Owens Corning
(NYSE:OC) today announced that it has commenced an underwritten
public offering of common stock pursuant to a shelf registration
statement on Form S-3 filed today with the Securities and Exchange
Commission on behalf of one of its stockholders, the Owens
Corning/Fibreboard Asbestos Personal Injury Trust (the "Trust").
The Trust is offering 12,261,000 shares of common stock of Owens
Corning and will grant the underwriters a 30-day option to purchase
up to an additional 1,839,000 shares of common stock, on the same
terms and conditions, to cover over-allotments, if any. Owens
Corning will not sell any shares in the offering and will not
receive any proceeds from the offering. BofA Merrill Lynch and J.P.
Morgan will act as joint book-running managers of the equity
offering. This press release shall not constitute an offer to sell
or the solicitation of any offer to buy, nor shall there be any
sale of these securities in any state or jurisdiction in which such
offer, solicitation or sale would be unlawful prior to registration
or qualification under the securities laws of any such state or
jurisdiction. The offering of these securities will be made only by
means of a prospectus, copies of which may be obtained from: BofA
Merrill Lynch, 4 World Financial Center, New York, NY 10080, Attn:
Preliminary Prospectus Department or email or J.P. Morgan, c/o
Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood,
New York 11717. About Owens Corning Owens Corning (NYSE:OC) is a
leading global producer of residential and commercial building
materials, glass-fiber reinforcements and engineered materials for
composite systems. A Fortune 500 Company for 55 consecutive years,
Owens Corning is committed to driving sustainability by delivering
solutions, transforming markets and enhancing lives. Founded in
1938, Owens Corning is a market-leading innovator of glass-fiber
technology with sales of $4.8 billion in 2009 and about 16,000
employees in 28 countries on five continents. DATASOURCE: Owens
Corning CONTACT: Investor & Media Relations, Scott Deitz,
+1-419-248-8935 Web Site: http://www.owenscorning.com/
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