Installed Building Products Announces Successful Increase in the Commitment and Duration of Both Its Term Loan B Facility and ABL Revolving Credit Facility
Installed Building Products, Inc. (IBP)
Last installed building products, inc. earnings: 2/27 07:00 am
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US:NYSE Investor Relations:
investors.installedbuildingproducts.com/investor-relations
Company Research
Source: Business Wire
COLUMBUS, Ohio--(BUSINESS WIRE)-- Installed Building Products, Inc. (the “Company”) (NYSE: IBP), an industry-leading installer of insulation products, announced today that the Company has successfully increased the size of its existing Term Loan B facility as well as its ABL Revolving Credit facility and extended the maturity date for each by approximately one year. The $397.8 million Term Loan B facility matures on April 15, 2025, has no financial maintenance covenants, and is rated BB by S&P Global Ratings and B1 by Moody's Investors Service. The pricing remains the same at LIBOR plus 250 basis points with a LIBOR floor of one percent. RBC Capital Markets, Jefferies Finance LLC and SunTrust Robinson Humphrey served as joint lead arrangers and joint bookrunners for the increase and extension of the Term Loan B facility. The $150.0 million ABL Revolving Credit facility matures on June 19, 2023 an
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IBP
Earnings
- 2/22/24 - Beat
IBP
Sec Filings
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- 4/23/24 - Form 4
- IBP's page on the SEC website