January 19, 2017 7:18 PM ET

Trading Companies and Distributors

Company Overview of 84 Lumber Company

Company Overview

84 Lumber Company engages in supplying and selling building materials and services to residential and commercial contractors, home builders, remodelers, and build-it-yourselfers. It offers lumber, insulation, moulding, siding, decking and railing, roofing, engineered lumber, plywood, trim, flooring, drywall, and hardware products, as well as doors and windows, trusses and wall panels, and skylights. The company also offers installation and on site management services for framing, insulation, drywall, painting, flooring, cabinetry, and other products, as well as engineered wood products and custom doors. It owns and operates stores, component plants, door shops, installation centers, and engi...

1019 Route 519

Eighty Four, PA 15330

United States

Founded in 1956

Phone:

724-228-8820

Fax:

724-228-8058

Key Executives for 84 Lumber Company

Founder and Chief Executive Officer
Owner and President
Age: 52
Chief Financial Officer
Chief Operating Officer
Executive Vice President of Strategic Initiatives
Age: 48
Compensation as of Fiscal Year 2016.

84 Lumber Company Key Developments

84 Lumber Company Announces Plans to Open Dozens of New Stores; Closes New $350 Million Senior Secured Term Loan B

84 Lumber Company announced that it is commemorating its 60th Anniversary with internal celebrations in its 250+ stores and Team Headquarters. 84 Lumber is capping a milestone year that saw the company achieve its best first quarter in more than a decade. Eight years after staring down bankruptcy during the housing market crash, 84 Lumber is leaner, flexible and more diversified than ever before. This year, the company announced plans to open dozens of new stores, including an expansion into the western United States. This comes on the heels of brand new initiatives like Tiny Living by 84 Lumber, a new line of portable tiny homes that has garnered international recognition for the company. The company also closed on a new $350 million Senior Secured Term Loan B that is being used to enhance future product and service capabilities.

84 Lumber Announces New Term Loan B and ABL Revolver Refinancing

84 Lumber Company announced that it has closed on a new $350 million Senior Secured Term Loan B (TLB) and refinanced its existing credit facility with a new $350 million Asset Based Revolving Credit Facility (ABL Revolver). The TLB and ABL Revolver mature on October 25, 2023 and October 25, 2021, respectively. 84 Lumber intends to use the proceeds to refinance a sale leaseback agreement consisting of a portfolio of 109 properties, repay the existing ABL facility and pay fees and expenses related to the transaction. The transaction provides the company with operational and financial flexibility to reinvest in the business and pursue targeted, organic growth.

84 Lumber Company Appoints Robert Anderson as Divisional Vice President

Robert Anderson has been named Divisional Vice President for 84 Lumber Company covering the company's new Roanoke Division. Anderson, a 30 year veteran of 84 Lumber, began his career in 1986.

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Recent Private Companies Transactions

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