---
schema_version: "secwatch.filing_event.v1"
accession: "0001580905-24-000061"
form_type: "8-K"
ticker: "IBP"
cik: "0001580905"
company_name: "Installed Building Products, Inc."
filed_at: "2024-11-26T23:59:59+00:00"
generated_at: "2026-05-29T17:51:20.021662+00:00"
event_type: "debt"
sentiment: "positive"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001580905-24-000061
- form_type: 8-K
- ticker: IBP
- cik: 0001580905
- company_name: Installed Building Products, Inc.
- filed_at: 2024-11-26T23:59:59+00:00
- event_type: debt
- sentiment: positive
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1580905/000158090524000061/0001580905-24-000061-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1580905/000158090524000061/ibp-20241126.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001580905-24-000061
- JSON: https://secwatch.observer/filing/0001580905-24-000061.json
- Plain text: https://secwatch.observer/filing/0001580905-24-000061.txt

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