Beacon Roofing Supply Announces $300 Million Senior Secured Notes Offering
Summary
HERNDON, Va.--(BUSINESS WIRE)--Beacon Roofing Supply, Inc. (Nasdaq: BECN) (“Beacon” or the “Company”) announced today the commencement of a private offering of $300.0 million aggregate principal amount of senior secured notes due 2026 (the “2026 Senior Notes”). Beacon intends to use the net proceeds from the offering, together with cash on hand and/or available borrowings under its existing senior secured asset-based revolving credit facility, to redeem all $300.0 million aggregate principal amount outstanding of its 6.375% senior unsecured notes due 2023 and pay related transaction premiums, accrued interest, fees and expenses. This press release contains information about management’s view of Beacon’s future expectations, plans and prospects that constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to, among other things, expectations regarding the proposed 2026 Senior Notes offering and the use of proceeds therefrom. Founded in 1928, Beacon Roofing Supply is the largest publicly traded distributor of residential and commercial roofing materials and complementary building products in North America, operating over 500 branches throughout all 50 states in the U.S. and 6 provinces in Canada.