USG Corporation Announces Pricing of Offering of 9.75 % Senior Notes Due 2014

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Thu Jul 30, 2009 3:08pm EDT

CHICAGO, July 30 /PRNewswire-FirstCall/ -- USG Corporation (NYSE: USG) today
announced the pricing of a private offering of $300 million aggregate
principal amount of its 9.75 % Senior Notes due 2014.  The notes will be the
unsecured obligations of USG.  USG's obligations under the notes will be
guaranteed on a senior unsecured basis by certain of its domestic
subsidiaries.  The notes will be sold to investors at a price of 98.086% of
the principal amount of the notes, plus accrued interest from August 4, 2009,
if any.  The offering of the notes is expected to close on or about August 4,
2009.

(Logo:  http://www.newscom.com/cgi-bin/prnh/20010511/USGLOGO)

USG intends to use the net proceeds of the private offering for general
corporate purposes, which may include the repayment of indebtedness, working
capital, capital expenditures and acquisitions.

The notes will be offered and sold only to qualified institutional buyers in
accordance with Rule 144A under the Securities Act of 1933 (the "Securities
Act") and to non-U.S. persons in accordance with Regulation S under the
Securities Act.  When issued, the notes will not have been registered under
the Securities Act of 1933 or state securities laws and may not be offered or
sold in the United States absent registration or an applicable exemption from
the registration requirements of the Securities Act and applicable state
securities laws.  This press release does not constitute an offer to sell or
the solicitation of an offer to buy the notes or any other securities and
shall not constitute an offer, solicitation or sale in any jurisdiction in
which, or to any person to whom, such an offer, solicitation or sale is
unlawful.  Any offers of the notes will be made only by means of a private
offering memorandum.



SOURCE  USG Corporation

Media Inquiries, +1-312-436-4356, or Investor Relations, +1-312-436-4125, both
of USG Corporation
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