debt
confidence high
sentiment neutral
materiality 0.55
Builders FirstSource launches $500M senior notes offering due 2035 to repay ABL facility
Builders FirstSource, Inc.
- Offering of $500M aggregate principal of unsecured Senior Notes due 2035.
- Net proceeds to repay indebtedness under ABL Facility.
- Company intends to amend ABL facility to increase commitments from $1.8B to $2.2B and extend maturity by 5 years.
- Notes offered in private placement to QIBs and non-U.S. persons; not registered under Securities Act.
- No assurance offering will close, subject to market conditions.