Company Overview of Builders FirstSource, Inc.
Builders FirstSource, Inc. manufactures and supplies building materials, manufactured components, and construction services to professional contractors, sub-contractors, and consumers in the United States. Its products include lumber and lumber sheet goods comprising dimensional lumber, plywood, and OSB products that are used in on-site house framing; and windows and doors, and interior and exterior door units, as well as interior trims, exterior trims, columns, and posts under the Synboard brand. The company’s manufactured products consist of wood floor and roof trusses, steel roof trusses, wall panels, stairs, and engineered wood; gypsum, roofing and insulation products, including wallboar...
2001 Bryan Street
Dallas, TX 75201
Founded in 1998
Key Executives for Builders FirstSource, Inc.
Chief Executive Officer and Director
Total Annual Compensation: $1.1M
President, Chief Financial Officer and Chief Operating Officer
Total Annual Compensation: $850.0K
Co-Founder, Senior Vice President, General Counsel and Corporate Secretary
Total Annual Compensation: $655.0K
Senior Vice President of Operations
Total Annual Compensation: $575.2K
Compensation as of Fiscal Year 2015.
Builders FirstSource, Inc. Key Developments
Builders FirstSource Closes Offering of $750.0 Million of 5.625% Senior Secured Notes Due 2024 and Reprices Senior Secured Term Loan Facility Due 2022
Aug 22 16
Builders FirstSource, Inc. announced that it has closed its private offering of $750.0 million aggregate principal amount of 5.625% Senior Secured Notes due 2024 (the ‘Notes’) and repriced its previous $600.0 million senior secured term loan facility (the ‘Previous Term Loan Facility’) through an amendment to its term loan credit agreement providing for a $470 million senior secured term loan facility (the ‘New Term Loan Facility’) and an interest reduction of 1.25%. Net proceeds from the offering of the Notes were used to redeem all of the Company’s outstanding 7.625% Senior Secured Notes due 2021, repay approximately $125.0 million of the Company’s borrowings under its Previous Term Loan Facility and pay related transaction fees and expenses. The Notes offering enabled the company to reduce the go forward coupon rate on its senior secured Notes by 2.0% as well as extending the maturity to 2024. Term loans under the $470.0 million New Term Loan Facility bear interest based on either the eurodollar rate or base rate (a rate equal to the high of an agreed benchmark rate commercially available, the federal funds effective rate plus 0.50% and the eurodollar rate plus 1.0%) plus, in each case, an applicable margin, at the Company’s option. The applicable margin in respect of the loans under the New Term Loan Facility will be (x) 3.75% in the case of Eurodollar rate loans and (y) 2.75% in the case of base rate loans. This represents a 1.25% reduction from the Previous Term Loan Facility. Deutsche Bank AG New York Branch continues to serve as administrative agent and collateral agent under the New Term Loan Facility. Pro Forma Financial Schedule of Go Forward Cash Interest and Debt to Follow.
Builders FirstSource, Inc. Prices Offering of $750.0 Million of Senior Secured Notes Due 2024
Aug 9 16
Builders FirstSource, Inc. announced that it priced a private offering of $750.0 million aggregate principal amount of 5.625% senior secured notes due 2024. The price to investors will be 5.625% of the principal amount of the Notes. The company expects to close the offering on August 22, 2016, subject to customary closing conditions. Net proceeds from the offering will be used to redeem all of the company's outstanding 7.625% senior secured notes due 2021, repay a portion of the company's borrowings under its existing term loan credit facility and pay related transaction fees and expenses, with any of the residual unused net proceeds being used for general corporate purposes.
Builders FirstSource, Inc. Presents at Credit Suisse 3rd Annual Homebuilding & Building Products Conference, Aug-08-2016
Aug 5 16
Builders FirstSource, Inc. Presents at Credit Suisse 3rd Annual Homebuilding & Building Products Conference, Aug-08-2016 . Venue: Credit Suisse Offices, Eleven Madison Avenue at 24th Street, Level 2B, New York, United States. Speakers: Jennifer Pasquino, SVP Investor Relations, M. Chad Crow, President, Chief Financial Officer and Chief Operating Officer.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|