Wells Fargo acted as administrative agent, swingline lender and issuing lender on a new $800 million revolving credit facility for Owens Corning. The revolver replaces the company’s previous credit agreement.
JPMorgan Chase served as administrative agent for a $600 million term loan facility for Owens Corning to facilitate its acquisition of Paroc Group, a transaction estimated at €900 million ($1.04 billion).
Altus Capital Partners announced the closing of the sale of Thermafiber to Owens Corning. Sale of the transaction was represented by BB&T Capital Markets.