Builders FirstSource Launches Offering of $800 Million of Senior Notes Due 2032July 23rd, 2021 by Editor
Builders FirstSource Inc. announced that it has launched an offering of $800 million aggregate principal amount of unsecured Senior Notes due 2032. The Company intends to use the net proceeds from the offering to repay a portion of the indebtedness outstanding 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.
Consummation of the offering of the Notes is subject to market and other conditions, and there can be no assurance that the company will be able to successfully complete these transactions on the terms described above, or at all.
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 thereof. Accordingly, the Notes will be offered and sold only to persons reasonably believed to be “qualified institutional buyers” (as defined in Rule 144A under the Securities Act) and non-“U.S. persons” who are outside the United States (as defined in Regulation S under the Securities Act).