IRVING, Texas - Builders FirstSource, Inc. (NYSE:BLDR), a leading supplier of building materials, announced today its intention to offer $600 million in unsecured senior notes due in 2034.
The company, headquartered in Irving, Texas, stated that the proceeds from the notes offering would be utilized to repay existing debt under its Asset-Based Lending (ABL) Facility and for general corporate purposes.
The offering is dependent on market conditions and other factors, and there is no assurance that Builders FirstSource will be able to complete the transaction as planned. The notes will not be registered under the Securities Act of 1933, nor any state securities laws, and will be available only to qualified institutional buyers and non-U.S. persons outside of the United States, in accordance with Rule 144A and Regulation S, respectively.
Builders FirstSource is the nation's largest supplier of building products and services for new residential construction, as well as repair and remodeling. The company operates in 43 states, with around 570 locations, and has a significant market presence in 48 of the top 50 and 89 of the top 100 Metropolitan Statistical Areas (MSAs). They offer a range of structural and related building products, including manufacturing, supply, delivery, and installation services.
This news release does not constitute an offer to sell or a solicitation of an offer to buy the notes. The information provided is based on a press release statement from Builders FirstSource.
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