Builders FirstSource $1B Senior Notes Sale and Debt Management

Builders Firstsource (BLDR) has issued an update.

Builders FirstSource, Inc. successfully completed the sale of $1 billion in senior notes with a 6.375% interest rate, maturing in 2034, to repay existing debt and for general corporate use. These notes, guaranteed by the company’s subsidiaries, are unsecured but rank equally with other senior debt and are subordinate to secured debts. They were sold to qualified institutional buyers in a private offering, with various covenants and redemption options detailed in the indenture, including repurchase scenarios in the event of a change of control.

For a thorough assessment of BLDR stock, go to TipRanks’ Stock Analysis page.