debt
confidence high
sentiment neutral
materiality 0.60
Builders FirstSource issues $700M 6.375% senior notes due 2032 to redeem 2027 notes
Builders FirstSource, Inc.
- Issued $700M aggregate principal of 6.375% senior notes due June 15, 2032 at 100% par.
- Net proceeds used to redeem all $825M outstanding 6.750% senior secured notes due 2027.
- New notes are senior unsecured, ranking pari passu with existing unsecured debt.
- Redemption of 2027 Notes completed on June 16, 2022; indenture satisfied and discharged.
- Note offering initially sized at $600M, upsized to $700M.