The following excerpt is from the company's SEC filing.
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 2032 (the Notes).
The Company intends to use the net proceeds from the offering, together with cash on hand, to redeem all of the Companys outstanding 6.750% Senior
Secured Notes due 2027 (2027 Notes), including to pay any accrued and unpaid interest thereon, as well as related premiums, fees and expenses.
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. Any redemption of the Companys 2027 Notes would be made solely pursuant to a redemption notice delivered pursuant to the indenture governing the 2027 Notes, and
nothing contained in this press release constitutes a notice of redemption of the 2027 Notes.
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 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 42 states with approximately 565 locations and have a market presence in 47 of the top 50 and 85 of the top 100 MSAs, providing geographic diversity and balanced end market exposure. We service customers from
strategically located distribution and manufacturing facilities (certain of which are
that produce value-added products such as roof and floor trusses, wall panels, stairs, vinyl windows, custom
doors. Builders FirstSource also distributes dimensional lumber and lumber sheet goods, millwork, windows, interior and exterior doors, and other specialty building products.
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 may differ
materially as a result of many factors. All forward-looking statements are based upon information 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. Any forward-looking statements involve risks and uncertainties that could cause actual events or results to differ materially from the events or
results described in the forward-looking statements, including risks or uncertainties related to the continuing
pandemic and its impact on the Companys business and the homebuilding industry,
the Companys growth strategies, including gaining market share and its digital strategies, or the Companys revenues and operating results being highly dependent on, among other things, the homebuilding industry, lumber prices and the
economy, including labor and supply shortages. 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 FirstSources most recent annual report on Form
filed with the Securities and Exchange Commission (the SEC) and in the other reports filed by the Company with the SEC.
Consequently, all forward-looking statements in this release are qualified by the factors, risks and uncertainties contained therein.
SVP, Investor Relations
ICR for Builders FirstSource
Source: Builders FirstSource, Inc.
The above information was disclosed in a filing to the SEC. To see the filing, click here.
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