Builders FirstSource will offer $750 million aggregate principal amount of senior unsecured notes due 2023, according to a company statement, in a private offering subject to market and other conditions. The offering of the notes is being made in connection with the acquisition of ProBuild Holdings LLC and is conditioned on its completion.

The Company intends to use the net proceeds from this offering for three purposes:

  • To pay a portion of the consideration for the ProBuild Acquisition;
  • To repay certain of its and ProBuild’s existing indebtedness; and
  • To pay a portion of the related transaction fees and expenses.

The notes will be offered only to qualified institutional buyers under Rule 144A of the Securities Act of 1933 and to certain non-U.S. persons in transactions outside the United States under Regulation S under the Securities Act. The issuance and sale of the notes will not be registered under the Securities Act and the Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and other applicable securities laws.

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