Builders FirstSource launching $500 million note offering

The offering will be used to pay notes due in 2024.

BY HBSDealer Staff

Builders FirstSource announced that it is launching an offering of $500 million aggregate principal amount of unsecured senior notes due 2030.

The Dallas, Texas-based pro dealer said that it intends to use the net proceeds from the offering, together with borrowing under its senior secured ABL facility, to redeem all of the outstanding aggregate principal amount of its 5.625% senior secured notes due 2024 and to pay related transaction premiums, fees and expenses.

The offering is subject to market and other conditions, and Builders FirstSource said that there is no assurance that the company will be able to successfully complete the transactions.

Builders FirstSource operates more than 400 locations in 40 states.

More details about the offering are available here. The dealer will report its fourth quarter and year-end earnings and sales results after the market closes on Feb. 21.


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