Builders FirstSource launches note offering

The offering consists of $800 million in unsecured notes, which will be used to pay down debt.
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Builders FirstSource announced that it has launched an offering of $800 million aggregate principal amount of unsecured Senior Notes due 2032.

 The Dallas, Texas-based super pro dealer intends to use the net proceeds from the offering to repay a portion of the debt under its senior secured ABL facility and to pay related transaction fees and expenses.

Any remaining net proceeds will be used for general corporate purposes, Builders FirstSource said.

Consummation of the offering of the notes is subject to market and other conditions, and there can be no assurance that the Builders FirstSource will be able to successfully complete the transactions on the terms described, the company noted.

The notes will not be registered under the Securities Act of 1933, as amended, or any state securities law and may not be offered or sold within the United States or to or for the account of any U.S. person, except pursuant to an exemption from the registration requirements.

Builders FirstSource operates about 550 locations in 40 states.