Owens Corning extends revolver to 2018, cuts LoC limit to $100 million

By Marisa Wong

Madison, Wis., Nov. 21 - Owens Corning entered into a third amendment to its credit agreement dated May 26, 2010 with Wells Fargo Bank, NA as administrative agent to extend the maturity of the revolving credit facility to Nov. 19, 2018, according to an 8-K filing with the Securities and Exchange Commission.

The amendment also reduces the facility's letters-of-credit sublimit to $100 million.

The Toledo, Ohio, building materials company completed the amendment on Wednesday.

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