Builders FirstSource Rises 6%; Announces $800 Mln Senior Note Offering

Shares of building products supplier Builders FirstSource, Inc. (BLDR) are up 6 percent on Wednesday's trading after the company announced an offering of $800 million senior notes due 2032.

The company plans to use the proceeds to pay back a portion of its indebtedness outstanding under its senior secured ABL facility and to pay related transaction fees and expenses. Any remaining proceeds will be used for general corporate purposes, Builder FirstSource added.

The stock is currently trading at $44.44, up $2.45 or 5% on the Nasdaq. BLDR has traded between $22.04 and $53.99 during the past 52 weeks.

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