Owens Corning (NYSE:OC) today announced that, in connection with the previously announced exchange offer (the "Exchange Offer") by Owens Corning and consent solicitation (the "Consent Solicitation") by Masonite International Corporation ("Masonite"), it has elected to have an Early Settlement Date of May 22, 2024 (the "Early Settlement Date").

Owens Corning and Masonite are making the Exchange Offer and Consent Solicitation pursuant to the terms of and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated May 1, 2024 (as amended, the "Statement").

On the Early Participation Deadline (as defined below), Masonite and Computershare Trust Company, N.A. entered into the supplemental indenture that gave effect to the Proposed Amendments (as defined in the Statement) to the 3.50% Senior Notes due 2030 issued by Masonite (the "Existing Masonite Notes"). On the Early Settlement Date, Owens Corning will accept for exchange all of the Existing Masonite Notes that were validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on May 14, 2024 (the "Early Participation Deadline") and the Proposed Amendments will become operative.