TOLEDO, Ohio, June 20 /PRNewswire-FirstCall/ -- Owens Corning announced today that, as a result of actions taken by the New York Stock Exchange, the company's Series B Warrants are now listed on the NYSE under the symbol OCWSB.
Owens Corning issued the Series B Warrants, along with its Series A Warrants, in October 2006 in connection with the company's emergence from asbestos-related Chapter 11. The Series B Warrants are exercisable for approximately 7.8 million shares of the company's common stock at an exercise price of $45.25 per share.
The Series A Warrants are exercisable for approximately 17.5 million shares of the company's common stock at an exercise price of $43.00 per share. Because the number of holders of Series A Warrants is below the number required by the applicable NYSE listing standards, the Series A Warrants are not listed on the New York Stock Exchange.
The Series A and B Warrants are exercisable at any time and will expire on Oct. 31, 2013.
About Owens Corning
Owens Corning is a leading global producer of residential and commercial building materials, glass fiber reinforcements and engineered materials for composite systems. A Fortune 500 company for 54 consecutive years, Owens Corning is committed to driving sustainability through delivering solutions, transforming markets and enhancing lives. Founded in 1938, Owens Corning is a market-leading innovator of glass fiber technology with sales of $5 billion in 2007 and 19,000 employees in 26 countries on five continents. Additional information is available at http://www.owenscorning.com/ .
