As filed with the Securities and Exchange Commission on June 21, 2017
Registration No. 333-202011
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
POST-EFFECTIVE AMENDMENT NO. 1
TO
FORM S-3
REGISTRATION STATEMENT
UNDER
THE SECURITIES ACT OF 1933
Owens Corning
(Exact name of registrant as specified in its charter)
Delaware | 43-2109021 | |
(State or other jurisdiction of incorporation or organization) |
(IRS Employer Identification Number) |
One Owens Corning Parkway
Toledo, Ohio 43659
(419) 248-8000
(Address, including zip code, and telephone number, including area code, of registrants principal executive offices)
Ava Harter
Senior Vice President, General Counsel and Secretary
Owens Corning
One Owens Corning Parkway
Toledo, Ohio 43659
(419) 248-8000
(Name, address, including zip code, and telephone number, including area code, of agent for service)
Copies to:
Michael J. Solecki
Jones Day
901 Lakeside Avenue
Cleveland, Ohio 44114
Tel No.: (216) 586-3939
Fax: (216) 579-0212
Approximate date of commencement of proposed sale to the public: From time to time after the effective date of this Registration Statement.
If the only securities being registered on this Form are being offered pursuant to dividend or interest reinvestment plans, please check the following box. ☐
If any of the securities being registered on this Form are to be offered on a delayed or continuous basis pursuant to Rule 415 under the Securities Act of 1933, other than securities offered only in connection with dividend or interest reinvestment plans, check the following box. ☒
If this Form is filed to register additional securities for an offering pursuant to Rule 462(b) under the Securities Act, please check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a post-effective amendment filed pursuant to Rule 462(c) under the Securities Act, check the following box and list the Securities Act registration statement number of the earlier effective registration statement for the same offering. ☐
If this Form is a registration statement pursuant to General Instruction I.D. or a post-effective amendment thereto that shall become effective upon filing with the Commission pursuant to Rule 462(e) under the Securities Act, check the following box. ☒
If this Form is a post-effective amendment to a registration statement filed pursuant to General Instruction I.D. filed to register additional securities or additional classes of securities pursuant to Rule 413(b) under the Securities Act, check the following box. ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of large accelerated filer, accelerated filer, smaller reporting company and emerging growth company in Rule 12b-2 of the Exchange Act.
Large accelerated filer | ☒ | Accelerated filer | ☐ | |||
Non-accelerated filer | ☐ (Do not check if a smaller reporting company) | Smaller reporting company | ☐ | |||
Emerging growth company | ☐ |
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of Securities Act. ☐
CALCULATION OF REGISTRATION FEE
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Title of each class of securities to be registered |
Amount to be registered/ Proposed maximum offering price per unit/Proposed maximum aggregate offering price (1) |
Amount of registration fee (2) | ||
Common Stock |
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Debt Securities |
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Guarantees (3) |
||||
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(1) | An indeterminate aggregate initial offering price or number or amount of securities are being registered and may from time to time be offered at (i) indeterminate prices or (ii) upon conversion of or exchange for debt securities that provide for conversion or exchange, or pursuant to the antidilution provisions of any such debt securities. |
(2) | In reliance on and in accordance with Rules 456(b) and 457(r) of the Securities Act of 1933, the registrant is deferring payment of all of the registration fee. |
(3) | Guarantees of Owens Cornings debt securities by certain of Owens Cornings subsidiaries. Pursuant to Rule 457(n) under the Securities Act of 1933, no separate fee is required for the guarantees. See the next page for a table of guarantor registrants. |
Table of Additional Registrants
(Subsidiary Guarantors)
Exact name of registrant as specified in its charter* |
State or other
jurisdiction of incorporation or organization |
I.R.S. employer
identification number |
||
CDC Corporation |
Wisconsin | 39-1830456 | ||
Engineered Pipe Systems, Inc. |
Delaware | 34-1870323 | ||
Eric Company |
Delaware | 34-1162113 | ||
InterWrap Corp. |
Oregon | 93-0957943 | ||
IPM Inc. |
Delaware | 51-0336727 | ||
OCV Intellectual Capital, LLC |
Delaware | 83-0466000 | ||
Owens Corning Automotive, LLC |
Delaware | 81-0810235 | ||
Owens Corning Composite Materials, LLC |
Delaware | 35-2273537 | ||
Owens Corning Construction Services, LLC |
Delaware | 36-4590392 | ||
Owens Corning Foam Insulation, LLC |
Delaware | 38-3737830 | ||
Owens Corning Franchising, LLC |
Delaware | 32-0181362 | ||
Owens Corning HOMExperts, Inc. |
Delaware | 32-0176636 | ||
Owens Corning HT, Inc. |
Delaware | 34-1830879 | ||
Owens Corning Insulating Systems, LLC |
Delaware | 37-1525228 | ||
Owens Corning Intellectual Capital, LLC |
Delaware | 83-0485853 | ||
Owens Corning Mineral Wool, LLC |
Delaware | 47-2214614 | ||
Owens Corning Non-Woven Technology, LLC |
Delaware | 45-4533190 | ||
Owens Corning Roofing and Asphalt, LLC |
Delaware | 32-0176634 | ||
Owens Corning Sales, LLC |
Delaware | 74-3189734 | ||
Owens Corning Science and Technology, LLC |
Delaware | 30-0369347 | ||
Owens Corning Technical Fabrics, LLC |
Delaware | 45-4533820 | ||
Owens Corning U.S. Holdings, LLC |
Delaware | 30-0369361 | ||
Owens-Corning Funding Corporation |
Delaware | 34-1788139 | ||
Soltech, Inc. |
Kentucky | 35-1575937 | ||
Thermafiber, Inc. |
Delaware | 13-3986697 |
* | The address for each of the additional registrants principal executive office is One Owens Corning Parkway, Toledo, Ohio 43659, and the telephone number for each of the additional registrants principal executive office is (419) 248-8000. |
EXPLANATORY NOTE
This Post-Effective Amendment No. 1 (the Amendment) to the registration statement on Form S-3 (Registration No. 333-202011) initially filed by Owens Corning on February 11, 2015 with the Securities and Exchange Commission (the Registration Statement) is filed to (i) add InterWrap Corp., Owens Corning Automotive, LLC, Owens Corning Mineral Wool, LLC, Owens Corning Non-Woven Technology, LLC, Owens Corning Technical Fabrics, LLC and Thermafiber, Inc. (collectively, the Additional Registrants) as co-registrants to the Registration Statement, (ii) register the Additional Registrants guarantees of the debt securities covered by the Registration Statement, (iii) update the information in Part II with respect to the Additional Registrants, (iv) file additional exhibits to the Registration Statement and (v) replace the section entitled Experts in the base prospectus that forms a part of the Registration Statement.
The Amendment does not modify any provisions of the base prospectus other than replacing the section in the base prospectus appearing after the heading set forth below. Accordingly, such base prospectus is being omitted from this filing.
EXPERTS
The consolidated financial statements and managements assessment of the effectiveness of internal control over financial reporting (which is included in Managements Report on Internal Control Over Financial Reporting) incorporated in this prospectus by reference to the Annual Report on Form 10-K for the year ended December 31, 2016 have been so incorporated in reliance on the report, which contains an explanatory paragraph on the effectiveness of internal control over financial reporting due to the exclusion of certain elements of the internal control over financial reporting of the InterWrap business the registrant acquired during the year ended December 31, 2016, of PricewaterhouseCoopers LLP, an independent registered public accounting firm, given on the authority of said firm as experts in auditing and accounting.
PART II
INFORMATION NOT REQUIRED IN PROSPECTUS
Item 14. | Other Expenses of Issuance and Distribution |
The following table sets forth the estimated expenses (other than underwriting compensation), all of which will be paid by us, to be incurred in connection with the registration and sale of the securities:
Securities and Exchange Commission registration fee |
$ | * | ||
Rating agency fees |
** | |||
Legal fees and expenses |
** | |||
Accounting fees and expenses |
** | |||
Trustees fees and expenses |
** | |||
Transfer agent and registrar fees |
** | |||
Printing and distribution expenses |
** | |||
Miscellaneous |
** | |||
|
|
|||
Total |
$ | ** | ||
|
|
* | Deferred in reliance upon Rule 456(b) and 457(r). |
** | These fees are calculated based on the securities offered and the number of issuances and accordingly cannot be estimated at this time. |
Item 15. | Indemnification of Directors and Officers. |
The following is a summary of the statutes, charter and bylaw provisions or other arrangements under which the Registrants directors and officers are insured or indemnified against liability in their capacities as such. As the Registrants are constituted in varying jurisdictions, there are a number of applicable statutes.
Registrants Incorporated Under Delaware Law
Owens Corning, Engineered Pipe Systems, Inc., Eric Company, IPM Inc., Owens-Corning Funding Corporation, Owens Corning HOMExperts, Inc., Owens Corning HT, Inc. and Thermafiber, Inc. are each incorporated under the laws of the state of Delaware. Section 145 of the Delaware General Corporation Law (the DGCL) provides that a Delaware corporation may indemnify directors and officers as well as other employees and individuals against expenses (including attorneys fees), judgments, fines, and amounts paid in settlement in connection with specified actions, suits and proceedings, whether civil, criminal, administrative or investigative (other than action by or in the right of the corporationa derivative action), if they acted in good faith and in a manner they reasonably believed to be in or not opposed to the best interests of the corporation and, with respect to any criminal action or proceeding, had no reasonable cause to believe their conduct was unlawful. A similar standard is applicable in the case of derivative actions, except that indemnification only extends to expenses (including attorneys fees) incurred in connection with the defense or settlement of such action, and the statute requires court approval before there can be any indemnification where the person seeking indemnification has been found liable to the corporation. The statute provides that it is not exclusive of other indemnification that may be granted by a corporations certificate of incorporation, bylaws, disinterested director vote, stockholder vote, agreement, or otherwise.
Article Ten of Owens Cornings amended and restated certificate of incorporation provides that Owens Corning shall, to the fullest extent authorized or permitted by applicable law, indemnify any person made, or threatened to be made, a party to any action or proceeding (whether civil or criminal or otherwise) by reason of the fact that he or she, his or her testator or intestate, is or was a director or officer of Owens Corning or by reason of the fact that such person, at the request of Owens Corning, is or was serving as a director, manager, officer, employee or agent of any other corporation, limited liability company, partnership, joint venture, trust, employee benefit plan or other enterprise. No director of Owens Corning shall be personally liable to Owens Corning or its stockholders for monetary damages for any breach of fiduciary duty as a director, except for liability (i) for any breach of the directors duty of loyalty to Owens Corning or its stockholders, (ii) for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law, (iii) pursuant to Section 174 of the DGCL, or (iv) for any transaction from which such director derived an improper personal benefit.
Article IX of Owens Cornings amended and restated bylaws provides that Owens Corning shall, to the fullest extent authorized or permitted by applicable law, indemnify any and all persons who may serve or who have served at any time as directors or officers of Owens Corning, or who may serve or at any time have served at the request of Owens Corning as directors, managers, officers, employees or agents of another corporation (including subsidiaries of Owens Corning) or of any partnership, joint venture, trust or other enterprise, and any directors or officers of Owens Corning who at the request of Owens Corning may serve or at any time have served as agents or fiduciaries of an employee benefit plan of Owens Corning or any of its subsidiaries, from and against any and all of the expenses, liabilities or other matters referred to in or covered by law, whether the basis of such proceeding is alleged action in an official capacity as a director, officer, employee or agent or in any other capacity while serving as a director, manager, officer, employee or agent to the fullest extent authorized or permitted by applicable law. Owens Corning may also indemnify any and all other persons whom it shall have power to indemnify under any applicable law, to the extent authorized or permitted by such law.
In addition to the provisions of the amended and restated articles of incorporation and amended and restated bylaws, Owens Corning has entered into indemnification agreements with all of its directors, to indemnify the directors to the fullest extent permitted by the amended and restated bylaws. Owens Corning also maintains directors and officers insurance to insure such persons against certain liabilities.
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The certificates of incorporation and/or bylaws of Engineered Pipe Systems, Inc., Eric Company, IPM Inc., Owens-Corning Funding Corporation, Owens Corning HOMExperts, Inc., Owens Corning HT, Inc. and Thermafiber, Inc. provide for the indemnification of directors and officers to the fullest extent permitted by the laws of Delaware.
Registrants Formed Under the Delaware Limited Liability Company Act
Owens Corning Automotive, LLC, Owens Corning Composite Materials, LLC, Owens Corning Construction Services, LLC, OCV Intellectual Capital, LLC, Owens Corning Foam Insulation, LLC, Owens Corning Franchising, LLC, Owens Corning Insulating Systems, LLC, Owens Corning Intellectual Capital, LLC, Owens Corning Mineral Wool, LLC, Owens Corning Non-Woven Technology, LLC, Owens Corning Roofing and Asphalt, LLC, Owens Corning Sales, LLC, Owens Corning Science and Technology, LLC, Owens Corning Technical Fabrics, LLC and Owens Corning U.S. Holdings, LLC are each a limited liability company formed under the laws of the state of Delaware. Section 18-108 of the Delaware Limited Liability Company Act provides, subject to standards and restrictions set forth in its limited liability company agreement, that a limited liability company may, and shall have the power to, indemnify and hold harmless any member or manager or other person from and against any and all claims and demands whatsoever.
Owens Corning Automotive, LLC, Owens Corning Composite Materials, LLC, Owens Corning Construction Services, LLC, OCV Intellectual Capital, LLC, Owens Corning Foam Insulation, LLC, Owens Corning Franchising, LLC, Owens Corning Insulating Systems, LLC, Owens Corning Intellectual Capital, LLC, Owens Corning Mineral Wool, LLC, Owens Corning Non-Woven Technology, LLC, Owens Corning Roofing and Asphalt, LLC, Owens Corning Sales, LLC, Owens Corning Science and Technology, LLC, Owens Corning Technical Fabrics, LLC and Owens Corning U.S. Holdings, LLC each have operating agreements which provide that the company will indemnify each person who was or is a party or is threatened to be made a party to any threatened, pending or completed action, suit or proceeding, whether civil, criminal, administrative or investigative (other than an action by or in the right of the company), by reason of the fact that he, she or it is or was serving at the request of the company as a director, officer, or manager for any expenses (including attorneys fees), judgments, fines and amounts paid in settlement actually and reasonably incurred by him, her or it in connection with such action, suit or proceeding if he, she or it acted in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the company, and, with respect to any criminal action or proceeding, had no reasonable cause to believe his, her or its conduct was unlawful.
Registrants Incorporated Under Kentucky Law
Soltech, Inc. is incorporated under the laws of the state of Kentucky. Section 271B.8-510 of the Kentucky Business Corporation Act permits a corporation to indemnify an individual who is a party to a proceeding because he is or was a director against liability incurred in the proceeding if: (1) (a) he conducted himself in good faith; (b) he honestly believed (i) in the case of conduct in his official capacity, that his conduct was in the best interests of the corporation; and (ii) in all other cases, that his conduct was at least not opposed to the best interests of the corporation; and (c) in the case of any criminal proceeding, he had no reasonable cause to believe his conduct was unlawful.
The amended and restated articles of incorporation of Soltech, Inc. provide for the indemnification of directors to the fullest extent permitted by the laws of Kentucky.
Registrants Incorporated Under Wisconsin Law
CDC Corporation is incorporated under the laws of the state of Wisconsin. Under Section 180.0851 of the Wisconsin Business Corporation Law, a corporation shall indemnify a director or officer, to the extent such person is successful on the merits or otherwise in the defense of a proceeding, for all reasonable expenses incurred in the proceeding, if such person was a party to such proceeding because he or she was a director or officer of the corporation. In all other cases, the corporation shall indemnify a director or officer against liability incurred in a proceeding to which such person was a party because he or she was a director or officer of the corporation, unless liability was incurred because he or she breached or failed to perform a duty owed to the Registrant and such breach or failure to perform constitutes: (i) a willful failure to deal fairly with the corporation or its shareholders in connection with a matter in which the director or officer has a material conflict of interest; (ii) a violation of criminal law, unless the director or officer had reasonable cause to believe his or her conduct was lawful or no reasonable cause to believe his or her conduct was unlawful; (iii) a transaction from which the director or officer derived an improper personal profit; or (iv) willful misconduct. Section 180.0858 of the Wisconsin Business Corporation Law provides that subject to certain limitations, the mandatory indemnification provisions do not preclude any additional right to indemnification or allowance of expenses that a director or officer may have under (a) the corporations articles of incorporation or bylaws, (b) a written agreement between the director or officer and the corporation, (c) a resolution of the corporations board of directors, or (d) a resolution that is adopted, after notice, by a majority of all of the corporations voting shares then issued and outstanding.
Section 180.0859 of the Wisconsin Business Corporation Law provides that it is the public policy of the State of Wisconsin to require or permit indemnification, allowance of expenses and insurance to the extent required or permitted under Sections 180.0850 to 180.0858 of the Wisconsin Business Corporation Law for any liability incurred in connection with a proceeding involving a federal or state statute, rule or regulation regulating the offer, sale or purchase of securities.
CDC Corporations bylaws provide for indemnification for any director or officer to the fullest extent permitted by the laws of Wisconsin.
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Registrants Incorporated Under Oregon Law
InterWrap Corp. is incorporated under the laws of the state of Oregon. Section 60.391 of the Oregon Business Corporation Act (the OBCA) provides, in relevant part, that a corporation may indemnify any director who is made a party to a proceeding because the individual is or was a director against liability incurred in the proceeding if (i) the conduct of the individual was in good faith, (ii) the individual reasonably believed that the individuals conduct was in the best interests of the corporation, or at least not opposed to its best interests, and (iii) in the case of any criminal proceeding, the individual had no reasonable cause to believe the individuals conduct was unlawful; provided, however, that the corporation may not indemnify an individual if (i) in connection with a proceeding by or in the right of the corporation in which the director was adjudged liable to the corporation or (ii) in connection with a proceeding that charged the director with and adjudged the director liable for improperly receiving a personal benefit.
Section 60.394 of the OBCA provides that, unless otherwise limited by its articles of incorporation, a corporation shall indemnify any director who was wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party because of being a director of the corporation against reasonable expenses incurred by the director in connection with the proceeding. Section 60.401 of the OBCA provides that, unless a corporations articles of incorporation provide otherwise, a court may order indemnification if it determines that the director is entitled to indemnification under Section 60.394 or that the director is fairly and reasonably entitled to indemnification in view of all of the relevant circumstances whether or not the director met the good faith and reasonable belief standards of conduct set out in the statute.
In addition, Section 60.407 of the OBCA provides, in relevant part, that, unless a corporations articles of incorporation provide otherwise, any officer is entitled to such indemnification to the same extent as a director under Section 60.394 and Section 60.401, and that a corporation may indemnify and advance expenses to an officer, employee, or agent of the corporation to the same extent as to a director under Sections 60.387 to 60.411.
Section 60.047 of the OBCA provides that a corporation may in its articles of incorporation eliminate or limit the personal liability of a director to the corporation or its shareholders for monetary damages for conduct as a director except for liability: for any breach of the directors duty of loyalty to the corporation or its shareholders; for acts or omissions not in good faith or which involve intentional misconduct or a knowing violation of law; for any unlawful distribution under Section 60.367 of the OBCA (pertaining to certain prohibited acts including unlawful distributions); or for any transaction from which the director derived an improper personal benefit. Section 60.414 of the OBCA also provides that the statutory indemnification provisions are not deemed exclusive of any other rights to which directors or officers may be entitled under a corporations articles of incorporation or bylaws, any agreement, general or specific action of the board of directors, vote of shareholders or otherwise. The articles of incorporation and bylaws of InterWrap Corp. provide that such registrant indemnifies its directors and officers to the maximum extent allowed by Oregon law.
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Item 16. | Exhibits |
The following is a list of all the exhibits filed as part of this registration statement.
1* | Form of Underwriting Agreement. | |
4.1 | Amended and Restated Certificate of Incorporation of Owens Corning (incorporated by reference to Exhibit 3.1 of Owens Cornings Quarterly Report on Form 10-Q (File No. 1-33100), for the quarter ended March 31, 2016). | |
4.2 | Amended and Restated Bylaws of Owens Corning (incorporated by reference to Exhibit 3.2 of Owens Cornings Quarterly Report on Form 10-Q (File No. 1-33100), for the quarter ended March 31, 2016). | |
4.3 | Indenture, dated as of June 2, 2009, between Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Registration Statement on Form S-3 (File No. 333-159689), filed June 3, 2009). | |
4.4 | First Supplemental Indenture, dated June 8, 2009, between Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed June 8, 2009). | |
4.5 | Second Supplemental Indenture, dated May 26, 2010, between Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed May 28, 2010). | |
4.6 | Third Supplemental Indenture, dated as of October 22, 2012, by and among Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed October 22, 2012). | |
4.7 | Fourth Supplemental Indenture, dated as of November 12, 2014, by and among Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed November 12, 2014). | |
4.8 | Fifth Supplemental Indenture, dated as of August 8, 2016, by and among the Company, the guarantors party thereto and Wells Fargo Bank, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100) filed August 8, 2016). | |
4.9 | Sixth Supplemental Indenture, dated as of October 3, 2016, by and among the Company, the guarantors party thereto and Wells Fargo Bank, National Association, as Trustee. | |
4.10 | Seventh Supplemental Indenture, dated as of February 27, 2017, by and among the Company, the guarantors party thereto and Wells Fargo Bank, National Association, as Trustee. | |
4.11 | Indenture, dated as of October 31, 2006, by and among Owens Corning, each of the guarantors named therein and LaSalle Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed November 2, 2006). | |
4.12* | Form of Debt Security. | |
5.1 | Opinion of Jones Day. | |
5.2 | Opinion of Stites & Harbison, PLLC (incorporated by reference to Exhibit 5.2 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). | |
5.3 | Opinion of Reinhart Boerner Van Deuren s.c (incorporated by reference to Exhibit 5.3 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). | |
5.4 | Opinion of K&L Gates LLP. | |
12 | Statement Regarding Computation of Ratio of Earnings to Fixed Charges. | |
23.1 | Consent of PricewaterhouseCoopers LLP. | |
23.2 | Consent of Jones Day (included in Exhibit 5.1). | |
23.3 | Consent of Stites & Harbison, PLLC (included in Exhibit 5.2) (incorporated by reference to Exhibit 23.3 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). | |
23.4 | Consent of Reinhart Boerner Van Deuren s.c. (included in Exhibit 5.3) (incorporated by reference to Exhibit 23.4 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). |
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23.5 | Consent of K&L Gates LLP (included in Exhibit 5.4). | |
24.1 | Owens Corning Power of Attorney (set forth on Owens Cornings signature page to this Registration Statement) (incorporated by reference to Exhibit 24.1 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). | |
24.2 | CDC Corporation Power of Attorney (set forth on CDC Corporations signature page to this Registration Statement). | |
24.3 | Engineered Pipe Systems, Inc. Power of Attorney (set forth on Engineered Pipe Systems, Inc.s signature page to this Registration Statement). | |
24.4 | Eric Company Power of Attorney (set forth on Eric Companys signature page to this Registration Statement). | |
24.5 | InterWrap Corp. Power of Attorney (set forth on InterWrap Corp.s signature page to this Registration Statement). | |
24.6 | IPM Inc. Power of Attorney (set forth on IPM Inc.s signature page to this Registration Statement). | |
24.7 | OCV Intellectual Capital, LLC Power of Attorney (set forth on OCV Intellectual Capital, LLCs signature page to this Registration Statement). | |
24.8 | Owens Corning Automotive, LLC Power of Attorney (set forth on Owens Corning Automotive, LLCs signature page to this Registration Statement). | |
24.9 | Owens Corning Composite Materials, LLC Power of Attorney (set forth on Owens Corning Composite Materials, LLCs signature page to this Registration Statement). | |
24.10 | Owens Corning Construction Services, LLC Power of Attorney (set forth on Owens Corning Construction Services LLCs signature page to this Registration Statement). | |
24.11 | Owens Corning Foam Insulation, LLC Power of Attorney (set forth on Owens Corning Foam Insulation, LLCs signature page to this Registration Statement). | |
24.12 | Owens Corning Franchising, LLC Power of Attorney (set forth on Owens Corning Franchising, LLCs signature page to this Registration Statement). | |
24.13 | Owens Corning HOMExperts, Inc. Power of Attorney (set forth on Owens Corning HOMExperts, Inc.s signature page to this Registration Statement). | |
24.14 | Owens Corning HT, Inc. Power of Attorney (set forth on Owens Corning HT, Inc.s signature page to this Registration Statement). | |
24.15 | Owens Corning Insulating Systems, LLC Power of Attorney (set forth on Owens Corning Insulating Systems, LLCs signature page to this Registration Statement). | |
24.16 | Owens Corning Intellectual Capital, LLC Power of Attorney (set forth on Owens Corning Intellectual Capital, LLCs signature page to this Registration Statement). | |
24.17 | Owens Corning Mineral Wool, LLC Power of Attorney (set forth on Owens Corning Mineral Wool, LLCs signature page to this Registration Statement). | |
24.18 | Owens Corning Non-Woven Technology, LLC Power of Attorney (set forth on Owens Corning Non-Woven Technology, LLCs signature page to this Registration Statement). | |
24.19 | Owens Corning Roofing and Asphalt, LLC Power of Attorney (set forth on Owens Corning Roofing and Asphalt, LLCs signature page to this Registration Statement). | |
24.20 | Owens Corning Sales, LLC Power of Attorney (set forth on Owens Corning Sales, LLCs signature page to this Registration Statement). | |
24.21 | Owens Corning Science and Technology, LLC Power of Attorney (set forth on Owens Corning Science and Technology, LLCs signature page to this Registration Statement). | |
24.22 | Owens Corning Technical Fabrics, LLC Power of Attorney (set forth on Owens Corning Technical Fabrics, LLCs signature page to this Registration Statement). |
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24.23 | Owens Corning U.S. Holdings, LLC Power of Attorney (set forth on Owens Corning U.S. Holdings, LLCs signature page to this Registration Statement). | |
24.24 | Owens-Corning Funding Corporation Power of Attorney (set forth on Owens-Corning Funding Corporations signature page to this Registration Statement). | |
24.25 | Soltech, Inc. Power of Attorney (set forth on Soltech, Inc.s signature page to this Registration Statement). | |
24.26 | Thermafiber, Inc. Power of Attorney (set forth on ThermaFiber, Inc.s signature page to this Registration Statement). | |
25 | Statement of Eligibility under the Trust Indenture Act of 1939, as amended, of the Trustee on Form T-1 (incorporated by reference to Exhibit 25 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). |
* | To be filed by amendment or as an exhibit to a document to be incorporated or deemed to be incorporated by reference in the registration statement. |
Item 17. | Undertakings |
(a) Each undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:
(i) to include any prospectus required by Section 10(a)(3) of the Securities Act of 1933 (the Act);
(ii) to reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high end of the estimated maximum offering range may be reflected in the form of prospectus filed with the Commission pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than a 20 percent change in the maximum aggregate offering price set forth in the Calculation of Registration Fee table in the effective registration statement;
(iii) to include any material information with respect to the plan of distribution not previously disclosed in this registration statement or any material change to such information in this registration statement;
provided , however , that paragraphs (a)(1)(i), (a)(1)(ii) and (a)(1)(iii) of this section do not apply if the registration statement is on Form S-3, Form SF-3 or Form F-3 and the information required to be included in a post-effective amendment by those paragraphs is contained in reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the registration statement, or is contained in a form of prospectus filed pursuant to Rule 424(b) that is part of the registration statement.
(2) That, for the purpose of determining any liability under the Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(4) That, for the purpose of determining liability under the Act to any purchaser:
(i) Each prospectus filed by the registrant pursuant to Rule 424(b)(3) shall be deemed to be part of the registration statement as of the date the filed prospectus was deemed part of and included in the registration statement; and
(ii) Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5), or (b)(7) as part of a registration statement in reliance on Rule 430B relating to an offering made pursuant to Rule 415(a)(1)(i), (vii), or (x) for the purpose of providing the information required by section 10(a) of the Act shall be deemed to be part of and included in the registration statement as of the earlier of the date such form of prospectus is first used after effectiveness or the date of the first contract of sale of securities in the offering described in the prospectus. As provided in Rule 430B, for liability purposes of the issuer and any person that is at that date an underwriter, such date shall be deemed to be a new effective date of the registration statement relating to the securities in the registration statement to which that prospectus relates, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof. Provided , however , that no statement made in a registration statement or prospectus that is part of the registration statement or made in a document incorporated or deemed incorporated by reference into the registration statement or prospectus that is part of the registration statement will, as to a purchaser with a time of contract of sale prior to such effective date, supersede or modify any statement that was made in the registration statement or prospectus that was part of the registration statement or made in any such document immediately prior to such effective date;
II-6
(5) That, for the purpose of determining liability of the registrant under the Act to any purchaser in the initial distribution of the securities:
The undersigned registrant undertakes that in a primary offering of securities of the undersigned registrant pursuant to this registration statement, regardless of the underwriting method used to sell the securities to the purchaser, if the securities are offered or sold to such purchaser by means of any of the following communications, the undersigned registrant will be a seller to the purchaser and will be considered to offer or sell such securities to such purchaser:
(i) Any preliminary prospectus or prospectus of the undersigned registrant relating to the offering required to be filed pursuant to Rule 424;
(ii) Any free writing prospectus relating to the offering prepared by or on behalf of the undersigned registrant or used or referred to by the undersigned registrant;
(iii) The portion of any other free writing prospectus relating to the offering containing material information about the undersigned registrant or its securities provided by or on behalf of the undersigned registrant; and
(iv) Any other communication that is an offer in the offering made by the undersigned registrant to the purchaser.
(b) The undersigned registrant hereby undertakes that, for the purpose of determining any liability under the Act, each filing of the registrants annual report pursuant to Sections 13(a) or 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plans annual report pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in this registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Act may be permitted to directors, officers and controlling persons of the registrant, pursuant to the provisions described under Item 15 or otherwise, the registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
II-7
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING | ||
(Registrant) | ||
By: |
/s/ Michael C. McMurray |
|
Michael C. McMurray | ||
Senior Vice President and Chief Financial Officer |
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
* Michael H. Thaman |
Chairman of the Board, President and Chief Executive Officer (Principal Executive Officer) | June 21, 2017 | ||
/s/ Michael C. McMurray Michael C. McMurray |
Senior Vice President and Chief Financial Officer (Principal Financial Officer) | June 21, 2017 | ||
* Kelly J. Schmidt |
Vice President and Controller (Principal Accounting Officer) | June 21, 2017 | ||
* Cesar Conde |
Director | June 21, 2017 | ||
* J. Brian Ferguson |
Director | June 21, 2017 | ||
* Ralph F. Hake |
Director | June 21, 2017 | ||
* F. Philip Handy |
Director | June 21, 2017 | ||
* Edward F. Lonergan |
Director | June 21, 2017 | ||
* Maryann T. Mannen |
Director | June 21, 2017 | ||
* James J. McMonagle |
Director | June 21, 2017 | ||
* W. Howard Morris |
Director | June 21, 2017 | ||
* Suzanne P. Nimocks |
Director | June 21, 2017 | ||
* John D. Williams |
Director | June 21, 2017 |
* | This Registration Statement has been signed on behalf of the above officers and directors by Brad Lazorka, as attorney-in-fact pursuant to a power of attorney filed as Exhibit 24.1 to this Registration Statement. |
By: |
/s/ Brad Lazorka |
|
Brad Lazorka, Attorney-in-Fact | ||
DATED: June 21, 2017 |
II-8
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
CDC CORPORATION | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Alex Legall Alex Legall |
President (Principal Executive Officer) | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Director | June 21, 2017 | ||
/s/ David Rabuano David Rabuano |
Director | June 21, 2017 |
II-9
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
ENGINEERED PIPE SYSTEMS, INC. | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka President |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Brad Lazorka Brad Lazorka |
President (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) and Director | June 21, 2017 | ||
/s/ Richard L. Berry Richard L. Berry |
Director | June 21, 2017 | ||
/s/ Chris Trunck Chris Trunck |
Director | June 21, 2017 |
II-10
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
ERIC COMPANY | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Chris Trunck Chris Trunck |
President (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) and Director | June 21, 2017 | ||
/s/ Omar Chaudhary Omar Chaudhary |
Director | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Director | June 21, 2017 |
II-11
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
INTERWRAP CORP. | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Brian Chambers Brian Chambers |
President (Principal Executive Officer) | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Director | June 21, 2017 | ||
/s/ Elizabeth Higgins Elizabeth Higgins |
Director | June 21, 2017 | ||
/s/ Chris Trunck Chris Trunck |
Director | June 21, 2017 |
II-12
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
IPM INC. | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Michael C. McMurray Michael C. McMurray |
President (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) | June 21, 2017 | ||
/s/ Ava Harter Ava Harter |
Director | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Director | June 21, 2017 | ||
/s/ Chris Trunck Chris Trunck |
Director | June 21, 2017 |
II-13
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OCV INTELLECTUAL CAPITAL, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Joan Drew Joan Drew |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) | June 21, 2017 | ||
/s/ Ava Harter Ava Harter |
Manager | June 21, 2017 |
II-14
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING AUTOMOTIVE, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Arnaud Genis Arnaud Genis |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-15
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING COMPOSITE MATERIALS, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Arnaud Genis Arnaud Genis |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-16
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING CONSTRUCTION SERVICES, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Alex Legall Alex Legall |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-17
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING FOAM INSULATION, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Alex Legall Alex Legall |
President (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) | June 21, 2017 | ||
/s/ David Rabuano David Rabuano |
Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Manager | June 21, 2017 |
II-18
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING FRANCHISING, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Alex Legall Alex Legall |
President (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 | ||
/s/ Richard L. Berry Richard L. Berry |
Manager | June 21, 2017 |
II-19
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING HOMEXPERTS, INC. | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka President |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Brad Lazorka Brad Lazorka |
President (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) and Director | June 21, 2017 | ||
/s/ Richard L. Berry Richard L. Berry |
Director | June 21, 2017 |
II-20
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING HT, INC. | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Chris Trunck Chris Trunck |
President and Assistant Secretary (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) and Sole Director | June 21, 2017 |
II-21
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING INSULATING SYSTEMS, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka | ||
Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Julian Francis Julian Francis |
President (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Manager | June 21, 2017 |
II-22
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING INTELLECTUAL CAPITAL, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Joan Drew Joan Drew |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-23
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING MINERAL WOOL, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Julian Francis Julian Francis |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-24
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING NON-WOVEN TECHNOLOGY, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Arnaud Genis Arnaud Genis |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-25
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING ROOFING AND ASPHALT, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Brian Chambers Brian Chambers |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-26
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING SALES, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Jennifer Cloherty Jennifer Cloherty |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-27
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING SCIENCE AND TECHNOLOGY, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Frank C. OBrien-Bernini Frank C. OBrien-Bernini |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-28
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING TECHNICAL FABRICS, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Arnaud Genis Arnaud Genis |
President (Principal Executive Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 |
II-29
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS CORNING U.S. HOLDINGS, LLC | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Omar Chaudhary Omar Chaudhary |
President and Secretary (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) and Manager | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Manager | June 21, 2017 |
II-30
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
OWENS-CORNING FUNDING CORPORATION | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka President and Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Brad Lazorka Brad Lazorka |
President and Treasurer (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) and Director | June 21, 2017 | ||
/s/ Omar Chaudhary Omar Chaudhary |
Director | June 21, 2017 | ||
/s/ Chris Trunck Chris Trunck |
Director | June 21, 2017 |
II-31
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
SOLTECH, INC. | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Dan Eigel Dan Eigel |
President (Principal Executive Officer, Principal Financial Officer and Principal Accounting Officer) | June 21, 2017 | ||
/s/ Chris Trunck Chris Trunck |
Director | June 21, 2017 | ||
/s/ David Rabuano David Rabuano |
Director | June 21, 2017 |
II-32
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-3 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toledo, State of Ohio, on June 21, 2017.
THERMAFIBER, INC. | ||
By: |
/s/ Brad Lazorka |
|
Brad Lazorka Treasurer |
POWER OF ATTORNEY
Each person whose signature appears below constitutes and appoints Michael C. McMurray, Omar Chaudhary and Brad Lazorka, and each of them, his/her true and lawful attorneys-in-fact and agents, with full power of substitution and resubstitution, to sign, execute and file with the Securities and Exchange Commission (or any other governmental or regulatory authority), for us and in our names in the capacities indicated below, this registration statement on Form S-3 (including all amendments, including post-effective amendments, thereto), and any registration statement filed pursuant to Rule 462(b) of the Securities Act in connection with the securities registered hereunder, together with all exhibits and any and all documents required to be filed with respect thereto, granting unto said attorneys-in-fact and agents and each of them, full power and authority to do and to perform each and every act and thing necessary and/or desirable to be done in and about the premises in order to effectuate the same as fully to all intents and purposes as he himself/she herself might or could do if personally present, hereby ratifying and confirming all that said attorneys-in-fact and agents, or any of them, may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this registration statement has been signed by the following persons in the capacities and on the dates indicated.
Signature |
Title |
Date |
||
/s/ Julian Francis Julian Francis |
President (Principal Executive Officer) and Director | June 21, 2017 | ||
/s/ Brad Lazorka Brad Lazorka |
Treasurer (Principal Financial Officer and Principal Accounting Officer) and Director | June 21, 2017 |
II-33
EXHIBIT INDEX
1* | Form of Underwriting Agreement. | |
4.1 | Amended and Restated Certificate of Incorporation of Owens Corning (incorporated by reference to Exhibit 3.1 of Owens Cornings Quarterly Report on Form 10-Q (File No. 1-33100), for the quarter ended March 31, 2016). | |
4.2 | Amended and Restated Bylaws of Owens Corning (incorporated by reference to Exhibit 3.2 of Owens Cornings Quarterly Report on Form 10-Q (File No. 1-33100), for the quarter ended March 31, 2016). | |
4.3 | Indenture, dated as of June 2, 2009, between Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Registration Statement on Form S-3 (File No. 333-159689), filed June 3, 2009). | |
4.4 | First Supplemental Indenture, dated June 8, 2009, between Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed June 8, 2009). | |
4.5 | Second Supplemental Indenture, dated May 26, 2010, between Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed May 28, 2010). | |
4.6 | Third Supplemental Indenture, dated as of October 22, 2012, by and among Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed October 22, 2012). | |
4.7 | Fourth Supplemental Indenture, dated as of November 12, 2014, by and among Owens Corning, the guarantors named therein and Wells Fargo Bank, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed November 12, 2014). | |
4.8 | Fifth Supplemental Indenture, dated as of August 8, 2016, by and among the Company, the guarantors party thereto and Wells Fargo Bank, National Association, as Trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100) filed August 8, 2016). | |
4.9 | Sixth Supplemental Indenture, dated as of October 3, 2016, by and among the Company, the guarantors party thereto and Wells Fargo Bank, National Association, as Trustee. | |
4.10 | Seventh Supplemental Indenture, dated as of February 27, 2017, by and among the Company, the guarantors party thereto and Wells Fargo Bank, National Association, as Trustee. | |
4.11 | Indenture, dated as of October 31, 2006, by and among Owens Corning, each of the guarantors named therein and LaSalle Bank, National Association, as trustee (incorporated by reference to Exhibit 4.1 to Owens Cornings Current Report on Form 8-K (File No. 1-33100), filed November 2, 2006). | |
4.12* | Form of Debt Security. | |
5.1 | Opinion of Jones Day. | |
5.2 | Opinion of Stites & Harbison, PLLC (incorporated by reference to Exhibit 5.2 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). | |
5.3 | Opinion of Reinhart Boerner Van Deuren s.c (incorporated by reference to Exhibit 5.3 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). | |
5.4 | Opinion of K&L Gates LLP. | |
12 | Statement Regarding Computation of Ratio of Earnings to Fixed Charges. | |
23.1 | Consent of PricewaterhouseCoopers LLP. | |
23.2 | Consent of Jones Day (included in Exhibit 5.1). | |
23.3 | Consent of Stites & Harbison, PLLC (included in Exhibit 5.2) (incorporated by reference to Exhibit 23.3 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). | |
23.4 | Consent of Reinhart Boerner Van Deuren s.c. (included in Exhibit 5.3) (incorporated by reference to Exhibit 23.4 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). |
23.5 | Consent of K&L Gates LLP (included in Exhibit 5.4). | |
24.1 | Owens Corning Power of Attorney (set forth on Owens Cornings signature page to this Registration Statement) (incorporated by reference to Exhibit 24.1 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). | |
24.2 | CDC Corporation Power of Attorney (set forth on CDC Corporations signature page to this Registration Statement). | |
24.3 | Engineered Pipe Systems, Inc. Power of Attorney (set forth on Engineered Pipe Systems, Inc.s signature page to this Registration Statement). | |
24.4 | Eric Company Power of Attorney (set forth on Eric Companys signature page to this Registration Statement). | |
24.5 | InterWrap Corp. Power of Attorney (set forth on InterWrap Corp.s signature page to this Registration Statement). | |
24.6 | IPM Inc. Power of Attorney (set forth on IPM Inc.s signature page to this Registration Statement). | |
24.7 | OCV Intellectual Capital, LLC Power of Attorney (set forth on OCV Intellectual Capital, LLCs signature page to this Registration Statement). | |
24.8 | Owens Corning Automotive, LLC Power of Attorney (set forth on Owens Corning Automotive, LLCs signature page to this Registration Statement). | |
24.9 | Owens Corning Composite Materials, LLC Power of Attorney (set forth on Owens Corning Composite Materials, LLCs signature page to this Registration Statement). | |
24.10 | Owens Corning Construction Services, LLC Power of Attorney (set forth on Owens Corning Construction Services LLCs signature page to this Registration Statement). | |
24.11 | Owens Corning Foam Insulation, LLC Power of Attorney (set forth on Owens Corning Foam Insulation, LLCs signature page to this Registration Statement). | |
24.12 | Owens Corning Franchising, LLC Power of Attorney (set forth on Owens Corning Franchising, LLCs signature page to this Registration Statement). | |
24.13 | Owens Corning HOMExperts, Inc. Power of Attorney (set forth on Owens Corning HOMExperts, Inc.s signature page to this Registration Statement). | |
24.14 | Owens Corning HT, Inc. Power of Attorney (set forth on Owens Corning HT, Inc.s signature page to this Registration Statement). | |
24.15 | Owens Corning Insulating Systems, LLC Power of Attorney (set forth on Owens Corning Insulating Systems, LLCs signature page to this Registration Statement). | |
24.16 | Owens Corning Intellectual Capital, LLC Power of Attorney (set forth on Owens Corning Intellectual Capital, LLCs signature page to this Registration Statement). | |
24.17 | Owens Corning Mineral Wool, LLC Power of Attorney (set forth on Owens Corning Mineral Wool, LLCs signature page to this Registration Statement). | |
24.18 | Owens Corning Non-Woven Technology, LLC Power of Attorney (set forth on Owens Corning Non-Woven Technology, LLCs signature page to this Registration Statement). | |
24.19 | Owens Corning Roofing and Asphalt, LLC Power of Attorney (set forth on Owens Corning Roofing and Asphalt, LLCs signature page to this Registration Statement). | |
24.20 | Owens Corning Sales, LLC Power of Attorney (set forth on Owens Corning Sales, LLCs signature page to this Registration Statement). | |
24.21 | Owens Corning Science and Technology, LLC Power of Attorney (set forth on Owens Corning Science and Technology, LLCs signature page to this Registration Statement). | |
24.22 | Owens Corning Technical Fabrics, LLC Power of Attorney (set forth on Owens Corning Technical Fabrics, LLCs signature page to this Registration Statement). | |
24.23 | Owens Corning U.S. Holdings, LLC Power of Attorney (set forth on Owens Corning U.S. Holdings, LLCs signature page to this Registration Statement). |
24.24 | Owens-Corning Funding Corporation Power of Attorney (set forth on Owens-Corning Funding Corporations signature page to this Registration Statement). | |
24.25 | Soltech, Inc. Power of Attorney (set forth on Soltech, Inc.s signature page to this Registration Statement). | |
24.26 | Thermafiber, Inc. Power of Attorney (set forth on ThermaFiber, Inc.s signature page to this Registration Statement). | |
25 | Statement of Eligibility under the Trust Indenture Act of 1939, as amended, of the Trustee on Form T-1 (incorporated by reference to Exhibit 25 to Owens Cornings Registration Statement on Form S-3 (File No. 333-202011), filed February 11, 2015). |
* | To be filed by amendment or as an exhibit to a document to be incorporated or deemed to be incorporated by reference in the registration statement. |
Exhibit 4.9
SIXTH SUPPLEMENTAL INDENTURE
Dated as of October 3, 2016
Among
OWENS CORNING,
As Issuer
OWENS CORNING MINERAL WOOL, LLC,
OWENS CORNING NON-WOVEN TECHNOLOGY, LLC,
OWENS CORNING TECHNICAL FABRICS, LLC,
THERMAFIBER, INC. and
INTERWRAP CORP.,
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
As Trustee
9.000% Senior Notes Due 2019
4.200% Senior Notes Due 2022
4.200% Senior Notes Due 2024
3.400% Senior Notes Due 2026
THIS SIXTH SUPPLEMENTAL INDENTURE (the Supplemental Indenture), dated as of October 3, 2016, among OWENS CORNING MINERAL WOOL, LLC, a Delaware limited liability company, OWENS CORNING NON-WOVEN TECHNOLOGY, LLC, a Delaware limited liability company, OWENS CORNING TECHNICAL FABRICS, LLC, a Delaware limited liability company, THERMAFIBER, INC., a Delaware corporation, and INTERWRAP CORP., an Oregon corporation (each a Guaranteeing Subsidiary and, together, the Guaranteeing Subsidiaries), OWENS CORNING, a Delaware corporation (the Company), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association duly incorporated and existing under the laws of the United States of America, as successor Trustee (Trustee).
W I T N E S S E T H:
WHEREAS, the Company, Subsidiary Guarantors and the Trustee have heretofore executed and delivered an Indenture, dated as of June 2, 2009 (the Original Indenture and, as thereafter supplemented, the Indenture), providing for the issuance from time to time of one or more series of the Companys Securities;
WHEREAS, the Company, Subsidiary Guarantors and the Trustee have heretofore executed and delivered supplemental indentures, dated as of June 8, 2009, May 26, 2010, October 22, 2012, November 12, 2014 and August 8, 2016, providing for the establishment of series of Securities designated as the 9.000% Senior Notes due 2019, 4.200% Senior Notes due 2022, 4.200% Senior Notes due 2024 and 3.400% Senior Notes due 2026 (herein collectively referred to as the Notes), the form, substance, terms, provisions and conditions of which are set forth as provided in the Indenture;
WHEREAS, the Indenture provides that under certain circumstances each Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Companys Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the Note Guarantee);
WHEREAS, each Guaranteeing Subsidiary, concurrently with the execution of this Supplemental Indenture, will guarantee the Companys Obligations under the Credit Agreement, and will execute and deliver the Note Guarantee to the Trustee;
WHEREAS, pursuant to Section 9.01 of the Indenture, the Company and the Guaranteeing Subsidiaries desire to execute and deliver this Supplemental Indenture, have requested the Trustee join with them in the execution and delivery of this Supplemental Indenture and in accordance with Section 9.05 of the Indenture have delivered to the Trustee an Opinion of Counsel stating that the execution of this Supplemental Indenture is authorized or permitted by the Indenture, and in accordance with and Section 11.03 of the Indenture have delivered to the Trustee an Officers Certificate and an Opinion of Counsel stating that all conditions precedent to the execution and delivery of this Supplemental Indenture have been complied with; and
WHEREAS, the Company, the Guaranteeing Subsidiaries and the Trustee are authorized to execute and deliver this Supplemental Indenture, and the Guaranteeing Subsidiaries are authorized to execute and deliver the Note Guarantee to the Trustee.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the Guaranteeing Subsidiaries and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2. AGREEMENT TO GUARANTEE. Each Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture, including but not limited to Article 10 thereof.
3. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of any Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, any Note Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy.
4. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
5. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
6. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.
7. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture, the Note Guarantee or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiaries and the Company. The Trustee accepts the trusts created by the Indenture, as amended and supplemented by this Supplemental Indenture, and agrees to perform the same upon the terms and conditions of the Indenture, as amended and supplemented by this Supplemental Indenture. All of the provisions contained in the Indenture in respect of the rights, privileges, immunities, powers, and duties of the Trustee shall be applicable in respect of the Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein.
[Signatures follow.]
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the day and year first above written.
OWENS CORNING MINERAL WOOL, LLC | ||
OWENS CORNING NON-WOVEN TECHNOLOGY, LLC | ||
OWENS CORNING TECHNICAL FABRICS, LLC | ||
THERMAFIBER, INC. | ||
INTERWRAP CORP. | ||
By: |
/s/ Brad Lazorka |
|
Name: | Brad Lazorka | |
Title: | Authorized Signatory | |
OWENS CORNING | ||
By: |
/s/ Michael C. McMurray |
|
Name: | Michael C. McMurray | |
Title: | Senior Vice President and Chief Financial Officer | |
By: |
/s/ Brad Lazorka |
|
Name: | Brad Lazorka | |
Title: | Vice President, Treasurer |
Sixth Supplemental Indenture
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee | ||
By: |
/s/ Julius R. Zamora |
|
Name: | Julius R. Zamora | |
Title: | Vice President |
Sixth Supplemental Indenture
NOTATION OF GUARANTEE
For value received, each Subsidiary Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of June 2, 2009 (as supplemented by the First Supplemental Indenture dated as of June 8, 2009, the Second Supplemental Indenture dated as of May 26, 2010, the Third Supplemental Indenture dated October 22, 2012, the Fourth Supplemental Indenture dated November 12, 2014, the Fifth Supplemental Indenture dated August 8, 2016 and the Sixth Supplemental Indenture dated October 3, 2016 the Indenture) among Owens Corning, (the Company), the Subsidiary Guarantors party thereto and Wells Fargo Bank, National Association, as successor trustee (the Trustee), (a) the due and punctual payment of the principal of, premium, if any, and interest on, the Securities when due, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on overdue principal of and interest on the Securities, if any, if lawful, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Securities or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Subsidiary Guarantors to the Holders of Securities and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article 10 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Note Guarantee.
Capitalized terms used but not defined herein have the meanings given to them in the Indenture.
[Remainder of Page Intentionally Left Blank]
OWENS CORNING MINERAL WOOL, LLC | ||
OWENS CORNING NON-WOVEN TECHNOLOGY, LLC | ||
OWENS CORNING TECHNICAL FABRICS, LLC | ||
THERMAFIBER, INC. | ||
INTERWRAP CORP. | ||
By: |
/s/ Brad Lazorka |
|
Name: | Brad Lazorka | |
Title: | Authorized Signatory |
Notation of Guarantee Sixth Supplemental Indenture
Exhibit 4.10
SEVENTH SUPPLEMENTAL INDENTURE
Dated as of February 27, 2017
Among
OWENS CORNING,
As Issuer
OWENS CORNING AUTOMOTIVE LLC
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
As Trustee
9.000% Senior Notes Due 2019
4.200% Senior Notes Due 2022
4.200% Senior Notes Due 2024
3.400% Senior Notes Due 2026
THIS SEVENTH SUPPLEMENTAL INDENTURE (the Supplemental Indenture), dated as of February 27, 2017, among OWENS CORNING AUTOMOTIVE LLC, a Delaware limited liability company (the Guaranteeing Subsidiary), OWENS CORNING, a Delaware corporation (the Company), and WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association duly incorporated and existing under the laws of the United States of America, as successor Trustee (Trustee).
W I T N E S S E T H:
WHEREAS, the Company, Subsidiary Guarantors and the Trustee have heretofore executed and delivered an Indenture, dated as of June 2, 2009 (the Original Indenture and, as thereafter supplemented, the Indenture), providing for the issuance from time to time of one or more series of the Companys Securities;
WHEREAS, the Company, Subsidiary Guarantors and the Trustee have heretofore executed and delivered supplemental indentures, dated as of June 8, 2009, May 26, 2010, October 22, 2012, November 12, 2014 and August 8, 2016, providing for the establishment of series of Securities designated as the 9.000% Senior Notes due 2019, 4.200% Senior Notes due 2022, 4.200% Senior Notes due 2024 and 3.400% Senior Notes due 2026 (herein collectively referred to as the Notes), the form, substance, terms, provisions and conditions of which are set forth as provided in the Indenture;
WHEREAS, the Indenture provides that under certain circumstances the Guaranteeing Subsidiary shall execute and deliver to the Trustee a supplemental indenture pursuant to which the Guaranteeing Subsidiary shall unconditionally guarantee all of the Companys Obligations under the Notes and the Indenture on the terms and conditions set forth herein and under the Indenture (the Note Guarantee);
WHEREAS, the Guaranteeing Subsidiary, concurrently with the execution of this Supplemental Indenture, will guarantee the Companys Obligations under the Credit Agreement, and will execute and deliver the Note Guarantee to the Trustee;
WHEREAS, pursuant to Section 9.01 of the Indenture, the Company and the Guaranteeing Subsidiary desire to execute and deliver this Supplemental Indenture, have requested the Trustee join with them in the execution and delivery of this Supplemental Indenture and in accordance with Section 9.05 of the Indenture have delivered to the Trustee an Opinion of Counsel stating that the execution of this Supplemental Indenture is authorized or permitted by the Indenture, and in accordance with and Section 11.03 of the Indenture have delivered to the Trustee an Officers Certificate and an Opinion of Counsel stating that all conditions precedent to the execution and delivery of this Supplemental Indenture have been complied with; and
WHEREAS, the Company, the Guaranteeing Subsidiary and the Trustee are authorized to execute and deliver this Supplemental Indenture, and the Guaranteeing Subsidiary is authorized to execute and deliver the Note Guarantee to the Trustee.
NOW, THEREFORE, in consideration of the foregoing and for other good and valuable consideration, the receipt of which is hereby acknowledged, the Company, the Guaranteeing Subsidiary and the Trustee mutually covenant and agree for the equal and ratable benefit of the Holders of the Notes as follows:
1. CAPITALIZED TERMS. Capitalized terms used herein without definition shall have the meanings assigned to them in the Indenture.
2. AGREEMENT TO GUARANTEE. The Guaranteeing Subsidiary hereby agrees to provide an unconditional Guarantee on the terms and subject to the conditions set forth in the Note Guarantee and in the Indenture, including but not limited to Article 10 thereof.
3. NO RECOURSE AGAINST OTHERS. No past, present or future director, officer, employee, incorporator, stockholder or agent of the Guaranteeing Subsidiary, as such, shall have any liability for any obligations of the Company or any Guarantor under the Notes, any Note Guarantees, the Indenture or this Supplemental Indenture or for any claim based on, in respect of, or by reason of, such obligations or their creation. Each Holder of the Notes by accepting a Note waives and releases all such liability. The waiver and release are part of the consideration for issuance of the Notes. Such waiver may not be effective to waive liabilities under the federal securities laws and it is the view of the SEC that such a waiver is against public policy.
4. NEW YORK LAW TO GOVERN. THE INTERNAL LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED TO CONSTRUE THIS SUPPLEMENTAL INDENTURE WITHOUT GIVING EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.
5. COUNTERPARTS. The parties may sign any number of copies of this Supplemental Indenture. Each signed copy shall be an original, but all of them together represent the same agreement.
6. EFFECT OF HEADINGS. The Section headings herein are for convenience only and shall not affect the construction hereof.
7. THE TRUSTEE. The Trustee shall not be responsible in any manner whatsoever for or in respect of the validity or sufficiency of this Supplemental Indenture, the Note Guarantee or for or in respect of the recitals contained herein, all of which recitals are made solely by the Guaranteeing Subsidiary and the Company. The Trustee accepts the trusts created by the Indenture, as amended and supplemented by this Supplemental Indenture, and agrees to perform the same upon the terms and conditions of the Indenture, as amended and supplemented by this Supplemental Indenture. All of the provisions contained in the Indenture in respect of the rights, privileges, immunities, powers, and duties of the Trustee shall be applicable in respect of the Supplemental Indenture as fully and with like force and effect as though fully set forth in full herein.
[Signatures follow.]
IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed as of the day and year first above written.
OWENS CORNING AUTOMOTIVE LLC | ||
By: |
/s/ Brad Lazorka |
|
Name: | Brad Lazorka | |
Title: | Authorized Signatory | |
OWENS CORNING | ||
By: |
/s/ Michael C. McMurray |
|
Name: | Michael C. McMurray | |
Title: | Senior Vice President and Chief Financial Officer | |
By: |
/s/ Brad Lazorka |
|
Name: | Brad Lazorka | |
Title: | Vice President, Treasurer |
Seventh Supplemental Indenture
WELLS FARGO BANK, NATIONAL ASSOCIATION, as Trustee | ||
By: |
/s/ Barry D. Somrock |
|
Name: | Barry D. Somrock | |
Title: | Vice President |
Seventh Supplemental Indenture
NOTATION OF GUARANTEE
For value received, the Subsidiary Guarantor (which term includes any successor Person under the Indenture) has, jointly and severally, unconditionally guaranteed, to the extent set forth in the Indenture and subject to the provisions in the Indenture dated as of June 2, 2009 (as supplemented by the First Supplemental Indenture dated as of June 8, 2009, the Second Supplemental Indenture dated as of May 26, 2010, the Third Supplemental Indenture dated October 22, 2012, the Fourth Supplemental Indenture dated November 12, 2014, the Fifth Supplemental Indenture dated August 8, 2016, the Sixth Supplemental Indenture dated October 3, 2016 and the Seventh Supplemental Indenture dated February 27, 2017, the Indenture) among Owens Corning, (the Company), the Subsidiary Guarantors party thereto and Wells Fargo Bank, National Association, as successor trustee (the Trustee), (a) the due and punctual payment of the principal of, premium, if any, and interest on, the Securities when due, whether at maturity, by acceleration or otherwise, the due and punctual payment of interest on overdue principal of and interest on the Securities, if any, if lawful, and the due and punctual performance of all other obligations of the Company to the Holders or the Trustee all in accordance with the terms of the Indenture and (b) in case of any extension of time of payment or renewal of any Securities or any of such other obligations, that the same will be promptly paid in full when due or performed in accordance with the terms of the extension or renewal, whether at stated maturity, by acceleration or otherwise. The obligations of the Subsidiary Guarantor to the Holders of Securities and to the Trustee pursuant to the Note Guarantee and the Indenture are expressly set forth in Article 10 of the Indenture and reference is hereby made to the Indenture for the precise terms of the Note Guarantee.
Capitalized terms used but not defined herein have the meanings given to them in the Indenture.
[Remainder of Page Intentionally Left Blank]
OWENS CORNING AUTOMOTIVE LLC | ||
By: |
/s/ Brad Lazorka |
|
Name: | Brad Lazorka | |
Title: | Authorized Signatory |
Notation of Guarantee Seventh Supplemental Indenture
Exhibit 5.1
NORTH POINT 901 LAKESIDE AVENUE CLEVELAND, OHIO 44114.1190
TELEPHONE: +1.216.586.3939 FACSIMILE: +1.216.579.0212
June 21, 2017
Owens Corning
One Owens Corning Parkway
Toledo, Ohio 43659
Re: | Registration Statement on Form S-3 Filed by Owens Corning and the Guarantors |
Ladies and Gentlemen:
We have acted as counsel for Owens Corning, a Delaware corporation (the Company ), the guarantors listed on Annex A hereto (each, a Covered Guarantor and, collectively, the Covered Guarantors ) and the guarantors listed on Annex B hereto (each, a Non-Covered Guarantor and, collectively, the Non-Covered Guarantors , and, collectively with the Covered Guarantors, the Guarantors ) in connection with the authorization of the issuance and sale from time to time, on a delayed basis, by the Company and the Guarantors, as applicable, of: (i) shares of common stock, par value $0.01 per share, of the Company (the Common Stock ); (ii) debt securities of the Company (the Debt Securities ), in one or more series; and (iii) guarantees of the Companys obligations under the Debt Securities by the Guarantors (the Guarantees ), in each case as contemplated by the Companys Registration Statement on Form S-3 (Registration No. 333-202011), as amended by a Post-Effective Amendment No. 1 to which this opinion is filed as an exhibit (as the same may be amended from time to time, the Registration Statement ). The Common Stock, the Debt Securities and the Guarantees are collectively referred to herein as the Securities . The Securities may be offered and sold from time to time pursuant to Rule 415 under the Securities Act of 1933 (the Securities Act ).
In connection with the opinions expressed herein, we have examined such documents, records and matters of law as we have deemed relevant or necessary for purposes of this opinion. Based on the foregoing and subject to the further assumptions, qualifications and limitations set forth herein, we are of the opinion that:
1. | The shares of Common Stock, upon receipt by the Company of such lawful consideration therefor as the Companys Board of Directors (or an authorized committee thereof) may determine, will be validly issued, fully paid and nonassessable. |
2. | The Debt Securities, upon receipt by the Company of such lawful consideration therefor as the Companys Board of Directors (or an authorized committee thereof) may determine, will constitute valid and binding obligations of the Company. |
ALKHOBAR AMSTERDAM ATLANTA BEIJING BOSTON BRISBANE BRUSSELS CHICAGO CLEVELAND COLUMBUS DALLAS
DETROIT DUBAI DÜSSELDORF FRANKFURT HONG KONG HOUSTON IRVINE JEDDAH LONDON LOS ANGELES MADRID
MEXICO CITY MIAMI MILAN MINNEAPOLIS MOSCOW MUNICH NEW YORK PARIS PERTH PITTSBURGH RIYADH
SAN DIEGO SAN FRANCISCO SÃO PAULO SHANGHAI SILICON VALLEY SINGAPORE SYDNEY TAIPEI TOKYO WASHINGTON
Owens Corning
June 21, 2017
Page 2
3. | Upon the execution, authentication, issuance, sale and delivery of the Debt Securities, the Guarantees thereof will constitute valid and binding obligations of the Guarantors. |
In rendering the foregoing opinions, we have assumed that: (i) the Registration Statement, and any amendments thereto, will have become effective (and will remain effective at the time of issuance of any Securities thereunder); (ii) a prospectus supplement describing each class and/or series of Securities offered pursuant to the Registration Statement, to the extent required by applicable law and relevant rules and regulations of the Securities and Exchange Commission (the Commission ), will be timely filed with the Commission; (iii) the definitive terms of each class and/or series of Securities will have been established in accordance with the authorizing resolutions adopted by the Boards of Directors or Boards of Managers, as applicable, (or an authorized committee thereof), of the Company and the Guarantors, the charter documents of the Company and the Guarantors, as applicable, as well as applicable law; (iv) the Company and the Guarantors will issue and deliver the Securities in the manner contemplated by the Registration Statement and any Securities that consist of shares of capital stock will have been authorized and reserved for issuance, in each case within the limits of the then remaining authorized but unissued and unreserved amounts of such capital stock; (v) the resolutions authorizing the Company and the Guarantors to issue, offer and sell the Securities will have been adopted by the Boards of Directors or Boards of Managers, as applicable, (or an authorized committee thereof) of the Company and the Guarantors and will be in full force and effect at all times at which the Securities are offered or sold by the Company and the Guarantors; (vi) all Securities will be issued in compliance with applicable federal and state securities laws and (vii) the Indenture will be governed by and construed in accordance with the laws of the State of New York and will constitute a valid and binding obligation of each party thereto other than the Company and the Guarantors.
For purposes of the opinions expressed herein, we have further assumed that: (i) the Debt Securities and related Guarantees will have been issued pursuant to an Indenture, dated as of June 2, 2009, by and among the Company, the Guarantors party thereto and Wells Fargo Bank, National Association, as trustee (the Trustee ), as amended and supplemented (the Indenture ); (ii) all terms of the Debt Securities and related Guarantees not provided for in the Indenture will have been established in accordance with the provisions of the Indenture and reflected in appropriate documentation approved by us and, if applicable, executed and delivered by the Company, the Guarantors and the Trustee; and (iii) the Debt Securities and related Guarantees will be executed, authenticated, issued and delivered in accordance with the provisions of the Indenture.
For purposes of the opinions expressed herein, we have further assumed that: (i) each of the Non-Covered Guarantors is, and will be at the time of issuance of any Guarantees, a
Owens Corning
June 21, 2017
Page 3
corporation existing and in good standing under the laws of its jurisdiction of incorporation (each, a Jurisdiction ), (ii) Guarantees, as applicable (A) will have been authorized by all necessary corporate action of the Non-Covered Guarantors, (B) will have been executed and delivered by the Non-Covered Guarantors under the laws of the applicable Jurisdictions and (iii) the execution, delivery, performance and compliance with the terms and provisions of the Guarantees by the Non-Covered Guarantors will not violate or conflict with the laws of the applicable Jurisdictions, the terms and provisions of the charter documents of each of the Non-Covered Guarantors, or any rule, regulation, order, decree, judgment, instrument or agreement binding upon or applicable to the Company or a Non-Covered Guarantor under the applicable Jurisdictions.
The opinions in paragraphs 2 and 3 expressed herein are limited by bankruptcy, insolvency, reorganization, fraudulent transfer and fraudulent conveyance, voidable preference, moratorium or other similar laws and related regulations and judicial doctrines from time to time in effect relating to or affecting creditors rights generally, and by general equitable principles and public policy considerations, whether such principles and considerations are considered in a proceeding at law or at equity.
As to facts material to the opinions and assumptions expressed herein, we have relied upon oral or written statements and representations of officers and other representatives of the Company and the Guarantors, and others. The opinions expressed herein are limited to the General Corporation Law of the State of Delaware, the Delaware Limited Liability Company Act and the laws of the State of New York, in each case as currently in effect, and we express no opinion as to the effect of the laws of any other jurisdiction.
We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement and to the reference to Jones Day under the caption Legal Matters in the prospectus constituting a part of the Registration Statement. In giving such consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.
Very truly yours,
/s/ Jones Day
ANNEX A
Name of Covered Guarantor |
State of Incorporation
or Organization |
|
Engineered Pipe Systems, Inc. |
Delaware | |
Eric Company |
Delaware | |
IPM Inc. |
Delaware | |
OCV Intellectual Capital, LLC |
Delaware | |
Owens Corning Automotive, LLC |
Delaware | |
Owens Corning Composite Materials, LLC |
Delaware | |
Owens Corning Construction Services, LLC |
Delaware | |
Owens Corning Foam Insulation, LLC |
Delaware | |
Owens Corning Franchising, LLC |
Delaware | |
Owens Corning HOMExperts, Inc. |
Delaware | |
Owens Corning HT, Inc. |
Delaware | |
Owens Corning Insulating Systems, LLC |
Delaware | |
Owens Corning Intellectual Capital, LLC |
Delaware | |
Owens Corning Mineral Wool, LLC |
Delaware | |
Owens Corning Non-Woven Technology, LLC |
Delaware | |
Owens Corning Roofing and Asphalt, LLC |
Delaware | |
Owens Corning Sales, LLC |
Delaware | |
Owens Corning Science and Technology, LLC |
Delaware | |
Owens Corning Technical Fabrics, LLC |
Delaware | |
Owens Corning U.S. Holdings, LLC |
Delaware | |
Owens-Corning Funding Corporation |
Delaware | |
Thermafiber, Inc. |
Delaware |
ANNEX B
Name of Non-Covered Guarantors |
State of Incorporation | |
CDC Corporation |
Wisconsin | |
InterWrap Corp. |
Oregon | |
Soltech, Inc. |
Kentucky |
Exhibit 5.4
|
K&L GATES LLP ONE SW COLUMBIA STREET, SUITE 1900 PORTLAND, OR 97258 T +1 503 228 3200 F +1 503 248 9085 klgates.com |
June 21, 2017
Owens Corning
One Owens Corning Parkway
Toledo, OH 43659
Re: | Registration Statement on Form S-3 |
Ladies and Gentlemen:
We have acted as special counsel in the State of Oregon ( Oregon ) to InterWrap Corp., an Oregon corporation (the Opinion Party ), a wholly owned subsidiary of Owens Corning, a Delaware corporation (the Company ), in connection with the Companys and the Guarantors (as that term is defined below) filing of a Post-Effective Amendment No. 1 to the Registration Statement on Form S-3 (as amended by the Post-Effective Amendment No. 1, the Registration Statement ), with the Securities and Exchange Commission (the Commission ) on June 21, 2017 under the Securities Act of 1933, as amended (the Securities Act ), and the rules and regulations under the Securities Act. As more particularly described in the Registration Statement, the Company may issue certain debt securities from time to time in one or more series (the Debt Securities ), under the Indenture (the Base Indenture ) dated as of June 2, 2009, among the Company, the subsidiaries of the Company described therein as guarantors ( Guarantors ) and Wells Fargo Bank, National Association, as trustee (the Trustee ), as amended and supplemented by the First Supplemental Indenture (the First Supplemental Indenture ), dated as of June 8, 2009, among the Company, the Guarantors named as a party thereto and the Trustee, as further amended and supplemented by the Second Supplemental Indenture (the Second Supplemental Indenture ), dated as of May 26, 2010, among the Company, the Guarantors named as a party thereto and the Trustee, as further amended and supplemented by the Third Supplemental Indenture (the Third Supplemental Indenture ), dated as of October 22, 2012, among the Company, the Guarantors named as a party thereto and the Trustee, as further amended and supplemented by the Fourth Supplemental Indenture (the Fourth Supplemental Indenture ), dated as of November 12, 2014, among the Company, the Guarantors named as a party thereto and the Trustee, as further amended and supplemented by the Fifth Supplemental Indenture (the Fifth Supplemental Indenture ), dated as of August 8, 2016, among the Company, the Guarantors named as a party thereto and the Trustee, as further amended and supplemented by the Sixth Supplemental Indenture (the Sixth Supplemental Indenture ), dated as of October 3, 2016, among the Company, the Guarantors named as a party thereto and the Trustee, and as further amended and supplemented by the Seventh Supplemental Indenture (the Seventh Supplemental Indenture ), dated as of February 27, 2017, among the Company, the Guarantors named as a party thereto and the
Owens Corning
June 21, 2017
Page 2
Trustee, which Debt Securities will be guaranteed by the Opinion Party. The Base Indenture, the First Supplemental Indenture, the Second Supplemental Indenture, the Third Supplemental Indenture, the Fourth Supplemental Indenture, the Fifth Supplemental Indenture, the Sixth Supplemental Indenture, and the Seventh Supplemental Indenture are collectively referred to herein as the Indenture .
For purposes of rendering the opinions set forth below, we have examined and relied upon (i) a copy of the Registration Statement, (ii) a copy of the Indenture as publicly filed, (iii) a copy of the Articles of Incorporation of the Opinion Party as amended to date, as certified by the Secretary of State of Oregon on June 16, 2017 (the Articles of Incorporation ), (iv) a Certificate of Existence for the Opinion Party, as issued by the Secretary of State of the State of Oregon on June 16, 2017 (the Certificate of Existence ); (v) a copy of the bylaws of the Opinion Party, as certified by the Treasurer of the Opinion Party (the Bylaws ); and (vi) a copy of the resolutions adopted by the board of directors of the Opinion Party, certified by the Treasurer of the Opinion Party as the resolutions that are in effect on the date hereof. As to certain matters of fact that are material to our opinions, we also have examined and relied on a certificate of an officer of the Opinion Party (the Fact Certificate ). In such review, we have assumed, without investigation, that (a) each document submitted to us is accurate and complete; (b) each such document that is an original is authentic; (c) each such document that is a copy conforms to an authentic original; and (d) all signatures on each such document are genuine. We have further assumed, without investigation, the legal capacity of natural persons, and we have assumed that each party to the documents we have examined or relied on has the legal capacity or authority and has satisfied all legal requirements that are applicable to that party to the extent necessary to make such documents enforceable against that party.
We also have assumed without investigation that (i) the Registration Statement and the Indenture have been duly authorized, executed, and delivered by all parties to the Registration Statement and the Indenture other than the Opinion Party and (ii) the Opinion Partys execution, delivery, or performance of the Registration Statement and the Indenture will not breach, violate, conflict with, or constitute a default under any agreement (other than the Registration Statement and the Indenture), contract, or obligation of the Opinion Party. We have further assumed, without investigation, the receipt or making of any consent, approval, order, or authorization of, and the effectiveness of any registration or filing with, any third party or governmental body that is required to be received or made by any party in connection with the execution, delivery, and filing of the Registration Statement or the Indenture or the consummation of the transactions contemplated thereby.
Based on the foregoing, and subject to the assumptions, exceptions, qualifications, and limitations set forth herein, it is our opinion that, on the date hereof:
1. The Opinion Party is a corporation duly incorporated and validly existing under the laws of the State of Oregon.
2. The Opinion Party has the corporate power and authority to enter into, and perform its obligations under, the Indenture.
K&L GATES LLP
ONE SW COLUMBIA STREET SUITE 1900 PORTLAND OR 97258
T +1 503 228 3200 F +1 503 248 9085 klgates.com
Owens Corning
June 21, 2017
Page 3
3. The execution and delivery of the Indenture by the Opinion Party, and the performance of its obligations thereunder, have been authorized by all necessary corporate action of the Opinion Party.
4. The Indenture has been duly executed and delivered by the Opinion Party.
5. The execution and filing with the Securities and Exchange Commission of the Registration Statement have been duly authorized by all necessary corporate action of the Opinion Party.
6. The execution and delivery of the Indenture by the Opinion Party, and its performance of its obligations thereunder and compliance with the terms and provisions thereof, do not violate or conflict with the Oregon Business Corporation Act, the terms and provisions of the Articles of Incorporation and Bylaws of the Opinion Party.
The opinions expressed herein are limited to the Oregon Business Corporation Act in effect on the date hereof as it presently applies, and we express no opinion herein as to the laws of any other jurisdiction. We express no opinion as to matters relating to any securities laws, rules, or regulations of the State of Oregon. These opinions are given as of the date hereof; they are intended to apply only to those facts and circumstances that exist as of the date hereof, and we assume no obligation or responsibility to update or supplement these opinions to reflect any facts or circumstances that may hereafter come to our attention or any changes in laws that may hereafter occur, or to inform the addressees of any change in circumstances occurring after the date hereof that would alter the opinions rendered herein.
This opinion is limited to the matters set forth herein, and no opinion may be inferred or implied beyond the matters expressly contained herein. This opinion is being provided solely for the benefit of the addressee hereof in connection with the Registration Statement and the Indenture. This opinion may not be used or relied upon for any other purpose, relied upon by any other party, or filed with or disclosed to any governmental authority without our prior written consent.
We hereby consent to the use of our name beneath the caption Legal Matters in the prospectus forming part of the Registration Statement and to the filing of a copy of this opinion as an exhibit thereto. In giving our consent, we do not thereby admit that we are included in the category of persons whose consent is required under Section 7 of the Securities Act or the rules and regulations of the Commission promulgated thereunder.
Yours truly,
/s/ K&L Gates LLP
K&L GATES LLP
ONE SW COLUMBIA STREET SUITE 1900 PORTLAND OR 97258
T +1 503 228 3200 F +1 503 248 9085 klgates.com
Exhibit 12
OWENS CORNING AND SUBSIDIARIES
COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
Three Months
Ended March 31, 2017 |
Twelve Months Ended
December 31, |
|||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||
Ratio of Earnings to Fixed Charges |
4.6 | 4.8 | 4.1 | 2.5 | 2.8 | (a | ) |
The computation of the ratio of earnings to fixed charges is as follows (in millions):
Three
Months Ended March 31, 2017 |
Twelve Months Ended
December 31, |
|||||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | ||||||||||||||||||||
Earnings: |
||||||||||||||||||||||||
Earnings from continuing operations before taxes |
$ | 144 | 590 | 453 | 232 | 273 | (40 | ) | ||||||||||||||||
Fixed charges (see below) |
40 | 154 | 143 | 157 | 153 | 158 | ||||||||||||||||||
Amortization of capitalized interest |
3 | 11 | 9 | 8 | 7 | 6 | ||||||||||||||||||
Capitalized interest |
(3 | ) | (16 | ) | (14 | ) | (10 | ) | (8 | ) | (13 | ) | ||||||||||||
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges |
| | | | | | ||||||||||||||||||
Earnings, as adjusted |
$ | 184 | 739 | 591 | 387 | 425 | 111 | |||||||||||||||||
Fixed charges: |
||||||||||||||||||||||||
Portion of rents representative of interest expense(b) |
$ | 7 | 26 | 29 | 30 | 28 | 26 | |||||||||||||||||
Interest on indebtedness, including amortization of deferred loan costs(c) |
30 | 112 | 100 | 117 | 117 | 119 | ||||||||||||||||||
Capitalized interest |
3 | 16 | 14 | 10 | 8 | 13 | ||||||||||||||||||
Total fixed charges |
$ | 40 | $ | 154 | $ | 143 | $ | 157 | $ | 153 | $ | 158 |
(a) | In 2012, the ratio of earnings to fixed charges was less than 1.0. During 2012, the Company needed to generate an additional $47 million of earnings from continuing operations before taxes to attain a 1.0 ratio of earnings to fixed charges. |
(b) | The Company estimates that 33% of its rental costs represent interest expense. This factor has been applied to all periods presented in the table above. |
(c) | Interest on indebtedness excludes interest income, gain or loss on extinguishment of debt, and interest associated with uncertain tax positions, which is included in Income tax expense in the Consolidated Statements of Earnings. |
Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
We hereby consent to the incorporation by reference in this Registration Statement on Form S-3 of our report dated February 8, 2017 relating to the financial statements, financial statement schedule and the effectiveness of internal control over financial reporting, which appears in Owens Cornings Annual Report on Form 10-K for the year ended December 31, 2016. We also consent to the reference to us under the heading Experts in such Registration Statement.
/s/ PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
Toledo, Ohio
June 21, 2017