Owens Corning Enters Into Amended Agreement with Praana Group for Sale of Glass Reinforcements Business

TOLEDO, Ohio--(BUSINESS WIRE)--Owens Corning (NYSE: OC), a building products leader, today announced that it has entered into an amended agreement to sell its glass reinforcements business to Praana Group, accelerating cash realization and updating the terms of the previously announced sale. The amended agreement eliminates seller notes and increases up-front cash proceeds, streamlining Owens Corning's separation from the business. The agreement also adjusts the total enterprise value of the sa.