Owens-Corning has financing commitments.
The Toledo, Ohio, building-products maker said it obtained commitments for the $1.5 billion in financing needed for its previously announced recapitalization and restructuring. The company also secured about $100 million in revolving credit that will be used for general corporate purposes. Separately, Owens-Corning Fiberglas, which recently thwarted a takeover by Wickes Cos., said it agreed to sell its Tri-Clover division to Alfa-Laval, a Swedish company, for undisclosed terms.
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