debt
confidence high
sentiment neutral
materiality 0.55
Builders FirstSource upsizes revolving credit facility to $2.2B, extends maturity to 2030
Builders FirstSource, Inc.
- Replaced $1.8B revolving facility with new $2.2B facility; maturity extended to May 20, 2030.
- Bank of America N.A. appointed as administrative agent and collateral agent, succeeding Truist Bank.
- Interest rate options: SOFR plus 1.00%-1.25% or base rate plus 0.00%-0.25%, based on availability.
- Commitment fee remains 0.20% per annum; customary letter of credit fees unchanged.
- Amendment No. 8 to ABL credit agreement also modifies borrowing base and reporting requirements.
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