New Issue-Owens Corning sells $350 mln in 10-yr notes

June 3 (Reuters) - Building materials maker Owens Corning
(OC.N) on Wednesday sold $350 million in 10-year notes, said
IFR, a Thomson Reuters service.

The size of the deal was increased from an originally
planned $250 million.

Bank of America, Citigroup, JP Morgan, and Wachovia were
the joint bookrunning managers for the sale.
BORROWER: OWENS CORNING
AMT $350 MLN COUPON 9.00 PCT MATURITY 6/15/2019
TYPE NOTES ISS PRICE 98.386 FIRST PAY 12/15/2009
MOODY'S Ba1 YIELD 9.25 PCT SETTLEMENT 6/8/2009
S&P BBB-MINUS SPREAD 570.1 BPS/ PAY FREQ SEMI-ANNUAL
FITCH N/A MORE THAN TREAS MAKE-WHOLE CALL 50 BPS