- Builders FirstSource, Inc. (BLDR, Financial) has priced a $750 million offering of unsecured Senior Notes due 2035.
- The Notes carry an interest rate of 6.750% and are set to close on May 8, 2025.
- Proceeds from the offering will be used to repay current indebtedness under its senior secured ABL facility.
Builders FirstSource, Inc. (BLDR), headquartered in Irving, Texas, has announced the pricing of its offering of $750 million aggregate principal amount of 6.750% unsecured Senior Notes due 2035. This represents a $250 million increase from the previously announced offering size.
The Notes are priced at 100.000% of their principal amount and are expected to close on May 8, 2025, pending customary closing conditions. The company plans to utilize the net proceeds to repay some of its existing debts under its senior secured asset-based lending (ABL) facility.
These Notes are not registered under the Securities Act of 1933 and will not be offered or sold within the United States except under exemptions applicable to qualified institutional buyers and certain non-U.S. persons pursuant to Rule 144A and Regulation S.
Builders FirstSource, a leading supplier in the U.S. for building products and services, operates across 43 states with approximately 595 locations, catering to the new residential construction and repair markets.
