July 29, 2009 (FinancialWire) — USG Corp. (NYSE: USG) has launched a private offering of $250 million of senior notes.

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.

USG plans to use the net proceeds from the sale of the notes for general corporate purposes, which may include the repayment of indebtedness, working capital, capital expenditures and acquisitions.

Chicago-based USG is a manufacturer and distributor of building systems through its United States Gypsum company, USG Interiors, Inc. and L&W Supply and other subsidiaries.

The company’s operations serve the residential and non-residential construction markets, repair and remodel construction markets, and industrial processes.

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