debt
confidence high
sentiment neutral
materiality 0.55
Builders FirstSource launches $300M 4.250% Senior Notes due 2032 offering
Builders FirstSource, Inc.
- Offering $300M of 4.250% Senior Notes due 2032, part of same series as $1B issued July 2021.
- Net proceeds to repay a portion of the $588M outstanding under its ABL facility as of Dec 31, 2021.
- Company to seek amendment increasing ABL revolving commitments by up to $300M after offering close.
- Offering is exempt from registration; sold to QIBs and non-U.S. persons under Rule 144A/Reg S.