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The ABL Advisor Deal Tables
SELECTED TRANSACTION DETAILS
RBC Capital Markets, Others Close New $500MM Term Loan for Installed Building Products
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Lenders/Participants
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RBC Capital Markets [Joint Lead Arranger, Joint Bookrunner]
Bank of America Securities [Joint Lead Arranger, Joint Bookrunner]
Goldman Sachs Bank USA [Joint Lead Arranger, Joint Bookrunner]
Jefferies Finance [Joint Lead Arranger, Joint Bookrunner]
The Benchmark Company [Joint Lead Arranger, Joint Bookrunner]
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Structure
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Term Loan
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Amount
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$500.000
Million
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Borrower(s)
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Installed Building Products
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Description
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The New 7-year Term Loan matures on March 28, 2031, has no financial maintenance covenants, and is rated BB+ by S&P Global Ratings and Ba1 by Moody's Investors Service. The pricing of the New Term Loan bears interest at the adjusted term secured overnight financing rate plus 2.00% per annum, or an alternative base rate plus 1.00%. Net proceeds of the New Term Loan were used to refinance the Company’s prior $490 million Term Loan B facility and pay fees.
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Industry
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Building Supplies
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| Related Tags |
Bank Lender, RBC Capita Markets
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ABL Advisor
Deal Tables
2025
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