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Installed Building Products ( (IBP) ) just unveiled an announcement.
Installed Building Products, a leading installer of insulation and building products, has successfully repriced its $500 million term loan, reducing interest rates and saving over $1 million in annual cash interest expenses. Additionally, the company repurchased 250,000 shares of its common stock for $52 million, showcasing its strong financial performance and commitment to returning capital to shareholders. The loan repricing is set to enhance the company’s borrowing conditions amid favorable market dynamics.
For detailed information about IBP stock, go to TipRanks’ Stock Analysis page.