secwatch / observer
8-K filed January 23, 2023, 6:59 PM ET ticker BLDR CIK 0001316835
debt confidence high sentiment neutral materiality 0.50

Builders FirstSource, Inc. (BLDR): debt financing — Builders FirstSource extends $1.62B ABL revolver to Jan 2028, reduces margins

Builders FirstSource, Inc.

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Builders FirstSource, Inc. amended revolving credit of up to $1,620.0 million with Truist Bank at SOFR plus 1.60%, 1.35% or 1.10% maturing January 17, 2028.

Instrument
revolving credit
Principal
up to $1,620.0 million
Counterparty
Truist Bank
Rate
SOFR plus 1.60%, 1.35% or 1.10%
Maturity
January 17, 2028
Event
amendment
Exact text from the filing
The New ABL Credit Agreement provides for, subject to availability under the borrowing base thereunder, (x) revolving credit financings of up to $1,620.0 million with a maturity date of January 17, 2028 (the “Extended ABL Revolver”) and (y) revolving credit financings of up to $180.0 million with a maturity date of December 17, 2026 (the “Non-Extended ABL Revolver”).
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Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Builders FirstSource, Inc. amended Amendment No. 6 to Credit Agreement with Truist Bank and the lenders and financial institutions party thereto (effective 2023-01-17).

Action
amendment
Agreement
credit facility
Counterparty
Truist Bank and the lenders and financial institutions party thereto
Effective
2023-01-17
Exact text from the filing
On January 17, 2023, Builders FirstSource, Inc. (the “Company”) extended the maturity date of a portion of the existing $1,800.0 million revolving facility (the “Previous Revolving Facility”) with Truist Bank (as successor by merger to SunTrust Bank), as administrative agent and collateral agent, and the lenders and financial institutions party thereto, pursuant to an amendment to the amended and restated ABL credit agreement governing the Previous Revolving Facility (as amended, the “New ABL Credit Agreement”).
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102 debt financings filed in the last 30 days. Browse all debt financings →

Builders FirstSource, Inc. filing history →

Source: SEC EDGAR
accession 0001193125-23-013162
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