debt
confidence high
sentiment neutral
materiality 0.60
Builders FirstSource, Inc. (BLDR): debt financing — Builders FirstSource closes $1B 6.375% senior notes due 2034 offering
Builders FirstSource, Inc.
- Issued $1B aggregate principal amount of 6.375% senior notes due 2034 at 100% of par.
- Offering size increased by $400M from previously announced $600M.
- Net proceeds used to repay outstanding ABL facility debt and for general corporate purposes.
- Notes mature March 1, 2034; interest payable semi-annually starting Sept 1, 2024.
- Notes are senior unsecured, guaranteed by certain subsidiaries, and rank pari passu with existing senior debt.