Content about Debt Financing

May 14, 2013
Builders FirstSource plans debt refinancing

Dallas-based pro dealer Builders FirstSource said it plans to offer $350 million of senior secured notes due in 2021. 

Also, the pro dealer intends to enter into a new revolving credit facility, expected to provide for revolving credit borrowings of up to $175.0 million.

 

October 19, 2012
Orchard Supply points to strengthened financial position

Orchard Supply Hardware Stores has announced additional progress in its efforts to strengthen its financial position through refinancing and reducing its debt.

The company closed on a new five-year Senior Secured Credit Facility consisting of a $120.0 million revolving credit facility and a $7.5 million FILO term loan, with Wells Fargo Capital Finance and Bank of America, N.A. The new facility replaces Orchard's existing $100.0 million Senior Secured Credit Facility.

April 11, 2012
Beacon Roofing Supply enters new credit deal

Using the phrase “significant milestone” to describe the news, Peabody, Mass.-based Beacon Roofing Supply entered a new five-year senior-secured credit facility consisting of a $550 million credit facility with Wells Fargo Bank.

The deal also includes a C$15 million Canadian credit facility.

The deal refinanced the Company’s prior combined $515 million credit facilities that were provided through GE Antares and an affiliate.

December 5, 2011
Builders FirstSource secures $160 million

Dallas-based Builders FirstSource announced the completion of a $160 million first-lien Term Loan financing agreement with affiliates of Highbridge Principal Strategies.

The company also announced it had entered into a standalone letter of credit facility with SunTrust Bank, which provides for the issuance of up to $20 million of letters of credit.

September 6, 2010
Family feud at Harbor Freight

The father-son struggle for control, laid out in a complaint filed on July 14 by...

September 5, 2010
Father-son dispute hits Harbor Freight

A family feud over the ownership and control of Harbor Freight Tools, the multichannel discount...

March 16, 2008
Destination True Value: Tour the Store

At the organizational level, Destination True Value represents two years of design work, consumer research...

February 12, 2008
BFS announces preliminary results

Builders FirstSource anticipates revenues of $300 million for its fourth-quarter results....

January 24, 2008
NAHB voices support of rate cut

Home builders laud action to cut interest rates and enact new legislation....

December 20, 2007
O’Meara stays on as BFS consultant

Builders FirstSource will retain its former president and chief operating officer as a consultant after...

July 19, 2007
NVR sales, earnings down in the second quarter

Earnings fell 52 percent for the Washington, D.C.-area home builder....