Installed Building Products Successfully Closes Incremental Term Loan B Facility
Installed Building Products closed a $250 million add-on to its Term Loan B, bringing total outstanding principal to approximately $740 million. All existing terms are unchanged, including the March 28, 2031 maturity, investment-grade ratings (BBB-/Ba1/BBB-), and pricing at adjusted term SOFR plus 1.75%.
Key figures
- Maturity
- March 28, 2031
- Interest rate
- adjusted term SOFR + 1.75% per annum, or alternative base rate + 0.75% per annum
- Add on amount usd
- 250000000
- Total term loan b principal usd
- $740 million (approximately)
AI analysis
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