IBP reprices $497.5M term loan to SOFR+1.75%; repurchases 250k shares for $52M in Nov

Installed Building Products, Inc.

Repriced ~$497.5M term loan facility; interest rate reduced to SOFR + 1.75% from previous SOFR + 2.00%.
Repurchased 250k shares in Nov 2024 for ~$52M; YTD 2024 repurchased 565k shares for $118M.
Annual cash interest expense savings estimated at over $1 million per CFO.
Maturity date unchanged at March 28, 2031; $182M remaining under share repurchase authorization expiring March 1, 2025.

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