News

Builders FirstSource launches new note offering

Proceeds will be used to repay revolving credit facility.

BY HBSDealer Staff

在线精品国产在线视频Builders FirstSource is launching an offering of $250 million aggregate principal amount of 6.750% senior secured notes due 2027.

The notes will form part of the same series as the $400 million aggregate principal amount of 6.75% senior secured notes due 2027 and issued on May 30, 2019 and the $75 million aggregate principal amount of 6.75% senior secured notes due 2027 that were issued on July 25, 2019.

在线精品国产在线视频The Dallas, Texas-based pro dealer said it plans to use proceeds from the offering to repay a portion of the funds drawn under its revolving credit facility and to pay related transaction fees and expenses. Any remaining net proceeds to be used for general corporate purposes.

Builders FirstSource operates about 400 locations in 40 states.

Earlier this month, the company pulled an additional $150 million in cash from its revolving credit facility.

keyboard_arrow_downCOMMENTS

Leave a Reply

在线精品国产在线视频No comments found

TRENDING STORIES

POLLS

What are your sales expectations for the next six months