108 Builders FirstSource has announced the pricing of an offering of $1 billion aggregate principal amount of 6.375% unsecured Senior Notes due 2034 (the “Notes”). This represents a $400 million increase from the previously announced size of the offering. The price to investors will be 100.000% of the principal amount of the Notes. The offering is expected to close on February 29, 2024, subject to customary closing conditions. The net proceeds from the offering will be used by the Company to repay indebtedness outstanding under the ABL Facility and for general corporate purposes. It’s important to note that the Notes will not be registered under the Securities Act of 1933, as amended or any state securities law. Therefore, they 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. The Notes were offered and sold only to (i) qualified institutional buyers and (ii) non-U.S. persons who are outside the United States. You Might Be Interested In Egypt Secures IMF Deal Following Pound’s Plunge and Rate Hike Weyerhaeuser to Unveil First Quarter Results on April 25th BlackRock’s iShares Bitcoin Trust Surpasses Grayscale Bitcoin Trust in Assets Cleveland-Cliffs Applauds DOE’s Final Rule on Transformer Efficiency Standards Samsung’s HBM Chips Encounter Hurdles in Nvidia Testing, Raising Concerns About Their AI Hardware Ambitions EV Sales Surge for Ford and GM Amid Tesla Competition