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

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

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

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

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DATASOURCE: USG Corporation



CONTACT:  Media Inquiries, [phone], or Investor Relations,

[phone], both of USG Corporation



Web Site:  http://www.usg.com/ 

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