debt
confidence high
sentiment neutral
materiality 0.35
Builders FirstSource prices $300M add-on of 4.25% notes due 2032; proceeds to repay ABL facility
Builders FirstSource, Inc.
- Priced $300M aggregate principal of 4.250% Senior Notes due 2032 at 100.500%.
- Notes are additional notes of same series as $1B issued July 2021; total outstanding becomes $1.3B.
- Net proceeds to repay borrowings under senior secured ABL facility.
- Notes are senior unsecured, rank pari passu with existing senior debt.
- Offering closed on January 21, 2022.