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0.0196655026649514 0.0196655026649514 0.00716780003675791 0.00716780003675791 0.00716780003675791 -0.00926300312442559 -0.0104760154383386 3.67579489064176E-05
Stock impact report

Installed Building Products Announces Launch of Debt Offering

Installed Building Products, Inc. (IBP) 
Last installed building products, inc. earnings: 2/27 07:00 am Check Earnings Report
Company Research Source: Business Wire
COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, announced today that it has launched an offering of $500 million in aggregate principal amount of senior unsecured notes due 2034 (the “2034 Notes”) in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”).IBP intends to use the net proceeds from the offering of the 2034 Notes: (i) to fund the conditional redemption in full of the outstanding 5.75% senior unsecured notes due 2028 (the “2028 Notes”); (ii) to pay fees and expenses in connection with the offering, redemption and related transactions; and (iii) for other general corporate purposes. The offering is subject to market and other conditions, and there is no assurance that the offering will be completed.The 2034 Notes are being offered only to qualified institutional buyers in Show less Read more
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