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5 months ago
BRIEF-Installed Building Products announces plans to refinance its existing credit facilities
March 17, 2017 / 11:29 AM / 5 months ago

BRIEF-Installed Building Products announces plans to refinance its existing credit facilities

March 17 (Reuters) - Installed Building Products Inc

* Installed Building Products announces plans to refinance its existing credit facilities

* Installed Building Products - seeking to refinance about $96 million of debt outstanding under existing term loan

* Installed Building Products - seeking to refinance about $125 million outstanding under existing delayed draw term loan

* Installed Building Products - company anticipates refinancing facilities with proceeds of a new five-year $100 million ABL revolving credit facility

* Installed Building Products - company anticipates refinancing facilities with proceeds of a seven-year $300 million term loan B facility

* Installed Building Products - terms of potential refinancing to be disclosed upon completion of transaction, expected to be announced in April 2017 Source text for Eikon: Further company coverage:

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