Content about Debt

April 6, 2012

Beacon Roofing has entered into $565 million of new five-year credit agreements consisting of a $550 million U.S. credit facility and a C$15 million Canadian credit facility with Wells Fargo Bank, National Association as administrative agent and as a lender. Other lenders also participated. 

February 13, 2012

International Paper (IP) has announced the completed acquisition of Temple-Inland, which will now become a wholly owned subsidiary of IP. Under the terms of the transaction, each issued and outstanding share of Temple-Inland common stock will fetch $32.00 in cash, including the assumption of approximately $700 million in Temple-Inland net debt. The total transaction value is approximately $4.5 billion.

October 17, 2011

Louisiana-Pacific Corp. one of the industry’s leading suppliers of oriented strand board and other building materials, has announced a $100 million extension to its revolving credit agreement with its lenders and Bank of America, N.A., as administrative agent.

Among other changes, the fourth amendment:

September 6, 2011

International Paper’s attempt to take over Temple-Inland concluded today with an announcement that the two companies have entered into a merger agreement.

International Paper will acquire all of the outstanding common stock of Temple-Inland for $32 per share in cash, plus the assumption of $600 million in Temple-Inland’s year-end debt. The total transaction value is approximately $4.3 billion.

June 27, 2011

Stanley Black & Decker has agreed to buy Niscayah, a European electronic security and monitoring company for $1.2 billion, including assumed debt. Stanley will pay $18.00 per share in cash (in Swedish currency) for the Stockholm-based company, 24% more than an all-stock offer by another firm, Securitas AB, and a 15% premium to Niscayah's stock price at close on June 23, 2011. 

May 11, 2011

Building Industry Partners (BIP), a private equity investment and mergers & acquisitions advisory firm specializing in the middle-market U.S. building industry, has announced the formation of its Debt Advisory & Placement Practice, which will leverage its relationships with the lender community to advise building products companies in restructuring and/or refinancing existing loans, as well as sourcing and optimizing terms on new senior, mezzanine and/or other debt capital.

March 17, 2011

The Hillman Group has announced the acquisition of TagWorks, a pet ID tag program, for $40 million in cash plus an additional consideration of $12.5 million on Oct. 31, 2011. TagWorks is responsible for paying $18.5 million in outstanding debt and transaction fees from the proceeds. The deal closed on March 16. 

October 3, 2010

The September issue of Home Channel News included an item about the origin of Do...

October 29, 2008

The home builder delivered 555 homes in the third quarter, down 29 percent from 787...

September 4, 2008

A credit manager and a commercial bankruptcy attorney will give expert advice on how to...

August 10, 2008

Building Materials Holding Corp. can borrow up to $60 million through Sept. 30 while it...

July 29, 2008

The San Francisco-based pro dealer is “in discussions” with its lenders over a failure to...

April 21, 2008

The industry’s third largest pro dealer can borrow up to $590 million in two new...

February 3, 2008

The San Francisco-based pro dealer is asking for a temporary waiver of covenants and a...