---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-080703"
form_type: "8-K"
ticker: null
cik: "0001124941"
company_name: "BEACON ROOFING SUPPLY INC"
filed_at: "2024-03-28T23:59:59+00:00"
generated_at: "2026-06-04T05:44:49.618335+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Beacon Roofing upsizes term loan to $1.275B, cuts rate to SOFR+2.00%

## Summary
- Amends existing $1.0B term loan facility, increasing principal to $1.275B.
- Interest rate reduced to Term SOFR + 2.00% (0.00% floor), from prior margin.
- Proceeds repay outstanding 2028 term loans; $342.5M new commitment from Citibank.
- $975M classified as Specified Refinancing Debt; $300M as incremental new loan.
- Effective March 28, 2024; all conditions satisfied on that date.

## SEC filing metadata
- accession: 0001193125-24-080703
- form_type: 8-K
- cik: 0001124941
- company_name: BEACON ROOFING SUPPLY INC
- filed_at: 2024-03-28T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1124941/000119312524080703/0001193125-24-080703-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1124941/000119312524080703/d816650d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-080703
- JSON: https://secwatch.observer/filing/0001193125-24-080703.json
- Plain text: https://secwatch.observer/filing/0001193125-24-080703.txt

## Key facts
- Debt Financings
  BEACON ROOFING SUPPLY INC amended term loan of $1.275 billion with Citibank, N.A., as administrative agent at Term SOFR with a 0.00% floor, plus a margin equal to 2.00%.
  - Instrument: term loan
  - Principal: $1.275 billion
  - Counterparty: Citibank, N.A., as administrative agent
  - Rate: Term SOFR with a 0.00% floor, plus a margin equal to 2.00%
  - Event: amendment
  source text: the refinancing of all outstanding term loans under the Term Loan Credit Facility by, among other things, increasing the aggregate principal amount of outstanding term loans to $1.275 billion and reducing the interest rate to a rate per annum equal to Term SOFR with a 0.00% floor, plus a margin equal to 2.00%. Except as amended by Amendment No. 3, the remaining terms
  evidence_url: https://www.sec.gov/Archives/edgar/data/1124941/000119312524080703/0001193125-24-080703-index.htm
- Material Agreements
  BEACON ROOFING SUPPLY INC entered into Amendment No. 3 to the Amended and Restated Term Loan Credit Agreement with Citibank, N.A. valued at $1.275 billion (effective 2024-03-28).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Citibank, N.A.
  - Value: $1.275 billion
  - Effective: 2024-03-28
  source text: On March 28, 2024, Beacon Roofing Supply, Inc. (the “Company”) entered into Amendment No. 3 to the Amended and Restated Term Loan Credit Agreement, by and among the Company, as borrower, Beacon Sales Acquisition, Inc., as guarantor, Citibank, N.A., as administrative agent, and the lenders party thereto (“Amendment No. 3”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1124941/000119312524080703/0001193125-24-080703-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.