January 23, 2012

Standard & Poor's Ratings Services has lowered its rating on the unsecured notes of Building FirstSource to 'CC' from 'CCC-' and revised its recovery rating to '6' from '5' to reflect diminished recovery prospects, given a higher level of first-lien obligations, the credit rating company announced. The '6' recovery rating indicates an expectation for a negligible (0% to 10%) recovery in the event of a payment default.

December 5, 2011

Dallas-based Builders FirstSource announced the completion of a $160 million first-lien Term Loan financing agreement with affiliates of Highbridge Principal Strategies.

The company also announced it had entered into a standalone letter of credit facility with SunTrust Bank, which provides for the issuance of up to $20 million of letters of credit.

August 15, 2011

A judge in Eau Claire County Court has awarded Dawn Sands, the former general counsel for Menards’ home improvement chain, $600,000 in lost wages and benefits, according to an article in the St. Paul Pioneer Press.

June 2, 2011

Customer service, glue traps and corporate democracy were among the issues on the table at a wide-ranging Home Depot annual shareholders meeting in Atlanta Thursday.

Home Depot’s shareholders approved the company's recommendations for its board of directors and executive pay structure. And it defeated a shareholder proposal regarding shareholder control of corporate political gifts.

March 9, 2011

Two recent court cases in California, one involving Home Depot and the other 99 Cents Only Stores, have given employees the right to sue their employers for “suitable seating,” according to summaries of the cases published in Mondaq. 

September 15, 2008

The industry’s largest supplier of green goods, which filed a Chapter 11 bankruptcy petition on...

March 10, 2008

Toll Brothers, one of the nation’s largest home builders, has warned of what could be...

July 30, 2007

Under the restructured sales organization, Jon Valsvik will head a team of sales executives who...