Builders FirstSource Launches Offering of $600 Million of Senior Notes due 2034
26 Fevereiro 2024 - 10:16AM
Business Wire
Builders FirstSource, Inc. (NYSE: BLDR) (“Builders
FirstSource” or the “Company”) today announced that it has launched
an offering of $600 million aggregate principal amount of unsecured
Senior Notes due 2034 (the “Notes”).
The Company intends to use the net proceeds from the offering to
repay indebtedness outstanding under the ABL Facility and for
general corporate purposes.
Consummation of the offering of the Notes is subject to market
and other conditions, and there can be no assurance that the
Company will be able to successfully complete these transactions on
the terms described above, or at all.
The Notes will not be registered under the Securities Act of
1933, as amended (the “Securities Act”), or any state securities
law and 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 thereof. Accordingly,
the Notes will be offered and sold only to (i) persons reasonably
believed to be “qualified institutional buyers” (as defined in Rule
144A under the Securities Act) and (ii) non-“U.S. persons” who are
outside the United States (as defined in Regulation S under the
Securities Act).
This news release shall not constitute an offer to sell or the
solicitation of an offer to buy the Notes.
About Builders
FirstSource
Headquartered in Irving, Texas, Builders FirstSource is the
largest U.S. supplier of building products, prefabricated
components, and value-added services to the professional market
segment for new residential construction and repair and remodeling.
We provide customers an integrated homebuilding solution, offering
manufacturing, supply, delivery, and installation of a full range
of structural and related building products. We operate in 43
states with approximately 570 locations and have a market presence
in 48 of the top 50 and 89 of the top 100 MSAs, providing
geographic diversity and balanced end market exposure. We service
customers from strategically located distribution and manufacturing
facilities (some of which are co-located) that produce value-added
products such as roof and floor trusses, wall panels, stairs, vinyl
windows, custom millwork, and pre-hung doors. Builders FirstSource
also distributes dimensional lumber and lumber sheet goods,
millwork, windows, interior and exterior doors, and other specialty
building products.
Forward-Looking
Statements
Statements in this news release that are not purely historical
facts or that necessarily depend upon future events, including
statements about forecasted financial performance or other
statements about anticipations, beliefs, expectations, hopes,
synergies, intentions or strategies for the future, may be
forward-looking statements within the meaning of Section 21E of the
Securities Exchange Act of 1934, as amended. Readers are cautioned
not to place undue reliance on forward-looking statements. In
addition, oral statements made by our directors, officers and
employees to the investor and analyst communities, media
representatives and others, depending upon their nature, may also
constitute forward-looking statements. As with the forward-looking
statements included in this release, these forward-looking
statements are by nature inherently uncertain, and actual results
or events may differ materially as a result of many factors. All
forward-looking statements are based upon information, assumptions,
expectations, and projections about future events available to
Builders FirstSource on the date this release was submitted.
Builders FirstSource undertakes no obligation to publicly update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise. Forward-looking statements
involve risks and uncertainties, many of which are beyond the
Company’s control or may be currently unknown to the Company, that
could cause actual events or results to differ materially from the
events or results described in the forward-looking statements; such
risks or uncertainties include those related to the Company’s
growth strategies, including acquisitions, organic growth and
digital strategies, or the dependence of the Company’s revenues and
operating results on, among other things, the homebuilding industry
and, to a lesser extent, repair and remodel activity, which in each
case is dependent on economic conditions, including inflation,
interest rates, consumer confidence, labor and supply shortages,
and also lumber and other commodity prices. Builders FirstSource
may not succeed in addressing these and other risks. Further
information regarding factors that could affect our financial and
other results can be found in the risk factors section of Builders
FirstSource’s most recent annual report on Form 10-K filed with the
Securities and Exchange Commission (the “SEC”) and may also be
described from time to time in the other reports Builders
FirstSource files with the SEC. Consequently, all forward-looking
statements in this release are qualified by the factors, risks and
uncertainties contained therein.
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version on businesswire.com: https://www.businesswire.com/news/home/20240225829398/en/
Investor Contact: Heather Kos SVP, Investor Relations
Builders FirstSource, Inc. investorrelations@bldr.com
Builders FirstSource (NYSE:BLDR)
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