Installed Building Products Closes $500 Million Senior Notes Offering

Reuters01-22
<a href="https://laohu8.com/S/IBP">Installed Building Products</a> Closes $500 Million Senior Notes Offering

Installed Building Products Inc. has announced the closing of a private offering of $500 million in aggregate principal amount of 5.625% senior unsecured notes due 2034. The net proceeds of approximately $490 million from the sale of these notes will be used to fund the conditional full redemption of its outstanding 5.75% senior unsecured notes due 2028, with the redemption scheduled for January 22, 2026. Any remaining proceeds will be allocated to fees, expenses related to the redemption and other transactions, and general corporate purposes. Additionally, the company has amended its existing asset-based lending revolving credit facility, increasing the commitments from $250 million to $375 million and extending the maturity date to January 21, 2031. The amended ABL Revolver is currently undrawn.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Installed Building Products Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20260121639295) on January 21, 2026, and is solely responsible for the information contained therein.

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