Builders FirstSource, Inc. (BLDR) said Thursday that it has priced its private offering of $350.0 million aggregate principal amount of 7.625% Senior Secured Notes due 2021.
The price to investors will be 100% of the principal amount of the notes. The company expects to close the offering on May 29.
The company will use the net proceeds from the offering, together with cash on hand, to redeem the company's $139.7 million aggregate principal amount of second priority senior secured floating rate notes due 2016 at par plus accrued and unpaid interest thereon to the redemption date, repay in full $225.0 million in term loan borrowings outstanding under the company's existing credit facility plus a prepayment premium of about $39.1 million and accrued and unpaid interest and terminate the company's existing credit facility and pay fees and expenses in connection therewith.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.