EFTA Document EFTA01378316

INTERNAL USE ONLY DO NOT DISTRIBUTE IN PART OR IN WHOLE Corporate Credit > U.S. Investment Grade Owens Corning Trade Idea: 0 Buy: OC 4.2% of December 2024 (IG Building Materials), notes offer attractive valuations vs. other BBB industrials Investment Rationale: OC is expected to benefit from growth in U.S. residential new construction, improved pricing and operating leverage, as a result we expect the trajectory of spreads to be tighter and outperform Cap Goods sector OC's diverse produ