Builders FirstSource, Inc. Announces Termination of its Exchange Offer for its Senior Secured Notes due 2024
March 19 2019 - 8:00AM
Builders FirstSource, Inc. (the “Company”)
(Nasdaq: BLDR) today announced that it has terminated its offer to
exchange up to $400 million aggregate principal amount of its
5.625% Senior Secured Notes due 2024 (the "Old Notes") for newly
issued 6.625% Senior Secured Notes due 2027 (the “New Notes”), upon
the terms and conditions set forth in the Confidential Offering
Circular dated March 5, 2019 (the "Exchange Offer").
The Exchange Offer was terminated following the early tender
time and ahead of its scheduled expiration time because the Company
has not met and does not expect to meet the minimum issuance
condition of $200 million aggregate principal amount of New
Notes.
As a result of the termination, all of the Old Notes previously
tendered will be promptly returned to the eligible holders thereof
(or, in the case of Old Notes tendered by book-entry-transfer, will
be credited to the account maintained at The Depository Trust
Company from which such Old Notes were delivered), and the New
Notes will not be issued.
About Builders FirstSource
Headquartered in Dallas, 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 39 states
with approximately 400 locations and have a market presence in 75
of the top 100 Metropolitan Statistical Areas, providing geographic
diversity and balanced end market exposure. We service customers
from strategically located distribution facilities 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 building products. For more information about Builders
FirstSource, visit the Company’s website at www.bldr.com.
Source: Builders FirstSource, Inc.
Contact:
Binit Sanghvi
VP Investor Relations
Builders FirstSource, Inc.
(214) 765-3804
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