Edition:
United Kingdom

Installed Building Products Announces Successful Repricing


Friday, 1 Dec 2017 

Dec 1 (Reuters) - Installed Building Products Inc ::INSTALLED BUILDING PRODUCTS INC - ‍COMPANY HAS SUCCESSFULLY REPRICED ITS EXISTING SEVEN-YEAR $299 MILLION TERM LOAN B FACILITY​.INSTALLED BUILDING PRODUCTS INC - ‍ REPRICING WILL BE LEVERAGE NEUTRAL AND ALLOW IBP TO REDUCE ITS ANNUAL INTEREST PAYMENTS BY APPROXIMATELY $1.5 MILLION​.INSTALLED BUILDING PRODUCTS INC - ‍CAPITAL EXPENDITURE COVENANT OF TERM LOAN B FACILITY WAS INCREASED FROM $50 MILLION TO $100 MILLION​.INSTALLED BUILDING PRODUCTS - ‍THE $299 MILLION TERM LOAN B FACILITY MATURES IN 2024, HAS NO FINANCIAL MAINTENANCE COVENANTS​. 

Company Quote

52.19
0.04 +0.08%
18 Apr 2019