debt
confidence high
sentiment neutral
materiality 0.55
Builders FirstSource ups revolving credit facility to $1.8B from $1.4B
Builders FirstSource, Inc.
- Revolving facility increased by $400M to $1.8B under ABL credit agreement.
- Maturity date extended to December 17, 2026.
- SOFR loans bear interest at 1.60% or 1.35% margin; base rate loans at 0.50% or 0.25% margin.
- Upfront fees of 0.25% paid to increasing and additional revolving lenders.
- No default or event of default existed; all representations true and correct.