Extracted from this filing and checked against the source text.
Debt Financings
SEC 8-K Item 2.03/2.04
confidence 0.9
Installed Building Products, Inc. amended term loan of $500 million with Royal Bank of Canada at adjusted term secured overnight financing rate plus 2.00% per annum, or an alter maturing seventh anniversary of the Effective Date.
- Instrument
- term loan
- Principal
- $500 million
- Counterparty
- Royal Bank of Canada
- Rate
- adjusted term secured overnight financing rate plus 2.00% per annum, or an alter
- Maturity
- seventh anniversary of the Effective Date
- Event
- amendment
Exact text from the filing
amends certain terms of the Existing Credit Agreement, including without limitation, to reprice and refinance the Company’s approximately $490 million of existing term loans, in connection with which new term loans in the amount of $500 million will be issued (the “ Tranche B-2 Term Loans ”)
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Material Agreements
SEC 8-K Item 1.01/1.02
confidence 0.95
Installed Building Products, Inc. amended Third Amendment with Royal Bank of Canada valued at $500 million (effective 2024-03-28).
- Action
- amendment
- Agreement
- credit facility
- Counterparty
- Royal Bank of Canada
- Value
- $500 million
- Effective
- 2024-03-28
Exact text from the filing
Installed Building Products, Inc., a Delaware corporation (the “ Company ”) and certain of its affiliates entered into Amendment No. 3 to Term Loan Credit Agreement (“ Third Amendment ”) with Royal Bank of Canada as term administrative agent and term collateral agent and the lenders party thereto
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