IBP announces $500M senior notes offering to redeem $300M 5.75% notes due 2028

Installed Building Products, Inc.

Launch of $500M senior unsecured notes due 2034 in private placement; proceeds to redeem all outstanding $300M 5.75% senior notes due 2028.
Conditional redemption of 2028 notes set for Jan 22, 2026 at 100% of principal plus accrued interest, subject to completion of new notes offering.
Also plans to enter amended ABL credit facility with revolver up to $375M (up from $250M) with 5-year maturity.
As of Sep 30, 2025, pro forma total debt would increase to $1.089B from $887M, with cash and equivalents rising to $525M from $333M.
Notes offered only to QIBs under Rule 144A and offshore under Reg S; not registered under Securities Act.

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