45 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 Citigroup to Shut Down Global Distressed-Debt Unit Guardian Recognized Among Forbes’ 2024 Best Employers for Diversity Fed’s Kashkari sees 40% chance of ‘meaningfully higher’ interest rates Amazon using monopoly power to hurt consumers, rivals and sellers, FTC claims PHL stocks rise on BSP chief’s hawkish comments Berkshire’s Johns Manville Unit Faces US Antitrust Verdict
