Builders FirstSource Plans $250 Million Senior Notes Offering

April 5th, 2011 by DWM Magazine

Builders FirstSource Inc. said yesterday that it plans to offer $250 million aggregate principal amount of senior secured notes due 2019. The company said it plans to use the proceeds from the offering to redeem its outstanding Second Priority Senior Secured Floating Rate Notes due 2016 as well as its outstanding Floating Rate Notes due 2012, to repay amounts outstanding under the company’s senior secured revolving credit facility and to pay the related fees and expenses associated with the offering and for working capital and general corporate purposes.

The company also said that it is entering into an agreement to amend its senior secured revolving credit facility. The amendment, among other things, extends the maturity of the credit facility to March 31, 2016, and will allow the company to increase the revolving credit line at any time from $150 million up to $350 million in the aggregate, with the consent of the lenders providing the additional commitments.

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