Builders FirstSource announced the pricing of an offering of $750 million aggregate principal amount of 6.750% unsecured Senior Notes due 2035. This represents a $250 million increase from the previously announced size of the offering.
The notes were priced to investors at 100.000% of the principal amount. The offering is expected to close on May 8, 2025, subject to customary closing conditions.
The company intends to use the net proceeds from this offering to repay indebtedness outstanding under its senior secured ABL facility. This move aims to optimize the company's capital structure and enhance financial flexibility.
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