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IRVING, Texas – Builders FirstSource, Inc. (NYSE:BLDR), a leading supplier of building materials, announced that it will increase its senior debt offering to $1 billion from the originally proposed $600 million.
The senior notes carry an interest rate of 6.375% and mature in 2034. The offering is expected to close on February 29, 2024, subject to standard closing conditions.
The Company intends to allocate the net proceeds from the sale of these unregistered senior notes to repay debt under its asset-based lending (ABL) facility and for general corporate purposes. The Notes are being offered to qualified institutional investors and non-U.S. persons in accordance with securities law regulations, and are guaranteed not to be publicly offered in the United States.
Headquartered in Irving, Texas, Builders FirstSource is recognized as one of the largest suppliers of building products and services for specialty market segments in the United States, particularly for new home construction, repair, and remodeling. With strategic locations in 43 states and approximately 570 locations, the company maintains a diverse geographic footprint and balanced market exposure.
The company's comprehensive services include the manufacture, supply, delivery and installation of a wide range of structural and related building products. His FirstSource, a builder's extensive network of distribution and manufacturing facilities parallels the distribution of traditional building materials, as well as specialty products such as roof and floor trusses, wall panels, staircases, vinyl windows, and custom mills. We produce products.
In its press releases, Builders FirstSource also includes forward-looking statements, which caution readers that actual future events or results may differ materially from those anticipated because of various risks and uncertainties. warned potential investors. These include market conditions, economic factors, industry trends, commodity prices, etc.
The details provided are based on Builders FirstSource, Inc.'s press release statements and do not constitute an offer to sell or a solicitation of an offer to buy any securities mentioned.
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