Owens Corning Terminates Material Definitive Agreement

Ticker: OC · Form: 8-K · Filed: 2025-04-02T00:00:00.000Z

Sentiment: neutral

Topics: agreement-termination, material-contract

Related Tickers: OC

TL;DR

OC terminated a big deal, details TBD.

AI Summary

Owens Corning (OC) announced on March 31, 2025, the termination of a material definitive agreement. The filing does not specify the counterparty or the nature of the agreement, but it is classified under Item 1.02, which typically relates to the termination or material modification of a contract.

Why It Matters

The termination of a material definitive agreement can signal a shift in the company's strategic partnerships or operational plans, potentially impacting future revenue streams or costs.

Risk Assessment

Risk Level: medium — The termination of a material definitive agreement without further details introduces uncertainty about the company's contractual obligations and future business relationships.

Key Players & Entities

FAQ

What specific material definitive agreement was terminated by Owens Corning?

The filing does not specify the name or details of the material definitive agreement that was terminated.

Who was the counterparty to the terminated agreement?

The filing does not disclose the identity of the other party involved in the terminated agreement.

What is the effective date of the termination?

The earliest event reported is March 31, 2025, which is the date of the termination.

What is the reason for the termination of this agreement?

The filing does not provide any information regarding the reasons behind the termination of the agreement.

Does this termination have any immediate financial implications disclosed in the filing?

The filing does not disclose any immediate financial implications resulting from the termination of the agreement.

From the Filing

0001370946-25-000132.txt : 20250402 0001370946-25-000132.hdr.sgml : 20250402 20250402080615 ACCESSION NUMBER: 0001370946-25-000132 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 13 CONFORMED PERIOD OF REPORT: 20250331 ITEM INFORMATION: Termination of a Material Definitive Agreement FILED AS OF DATE: 20250402 DATE AS OF CHANGE: 20250402 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Owens Corning CENTRAL INDEX KEY: 0001370946 STANDARD INDUSTRIAL CLASSIFICATION: ABRASIVE ASBESTOS & MISC NONMETALLIC MINERAL PRODUCTS [3290] ORGANIZATION NAME: 04 Manufacturing EIN: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33100 FILM NUMBER: 25802247 BUSINESS ADDRESS: STREET 1: ONE OWENS CORNING PARKWAY CITY: TOLEDO STATE: OH ZIP: 43659 BUSINESS PHONE: 419-248-8000 MAIL ADDRESS: STREET 1: ONE OWENS CORNING PARKWAY CITY: TOLEDO STATE: OH ZIP: 43659 FORMER COMPANY: FORMER CONFORMED NAME: Owens Corning (Reorganized) Inc. DATE OF NAME CHANGE: 20060731 8-K 1 oc-20250331.htm 8-K oc-20250331 0001370946 false 0001370946 2025-03-31 2025-03-31 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ______________________________________ Form 8-K   ______________________________________ CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported):  March 31, 2025 ______________________________________ Owens Corning (Exact name of registrant as specified in its charter) ______________________________________ DE 1-33100 43-2109021 (State or other jurisdiction of incorporation) (Commission File Number) (I.R.S. Employer Identification No.) One Owens Corning Parkway Toledo, Ohio 43659 (Address of principal executive offices)     (Zip Code) 419 - 248-8000 (Registrant’s telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) ______________________________________ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:  ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, par value $0.01 per share OC New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ☐ Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 1.02. Termination of a Material Definitive Agreement. On March 31, 2025, Owens Corning (the “Company”) terminated its existing trade receivables securitization program evidenced by that certain Third Amended and Restated Receivables Purchase Agreement, dated as of March 1, 2024, by and among certain subsidiaries of the Company, various financial institutions party thereto and PNC Bank, National Association, as administrator. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by t

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