Installed Building Products Announces Closing of $300 Million Notes Offering and a New and Increased $200 Million ABL Revolving Credit Facility
Installed Building Products, Inc. (IBP)
Last installed building products, inc. earnings: 2/27 07:00 am
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US:NYSE Investor Relations:
investors.installedbuildingproducts.com/investor-relations
Company Research
Source: Business Wire
COLUMBUS, Ohio--(BUSINESS WIRE)--Installed Building Products, Inc. (the “Company” or “IBP”) (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the closing of the private offering of $300 million in aggregate principal amount of 5.75% senior unsecured notes due February 1, 2028 (the “Notes”). In addition, the Company entered into a new and increased $200 million asset-based lending revolving credit facility (“New ABL Revolver”).The $200 million New ABL Revolver matures on September 26, 2024 and replaces our prior $150 million ABL revolving credit facility. There is nothing currently drawn on the New ABL Revolver. Bank of America, N.A. served as Administrative Agent. KeyBank National Association and US Bank National Association served as the Syndication Agents and PNC Bank, National Association is also a lender.Approximately $194 million of net proceeds from the sale of the Notes were used to repay a portion of the current b
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IBP
News
- Installed Building Products, Inc. (NYSE: IBP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
- Installed Building Products, Inc. (NYSE: IBP) was downgraded by analysts at Seaport Res Ptn from a "strong-buy" rating to a "hold" rating.MarketBeat
- Installed Building Products Announces the Acquisition of Capital Insulation, LLCBusiness Wire
- Installed Building Products, Inc. (NYSE: IBP) was downgraded by analysts at Evercore ISI from an "outperform" rating to an "underperform" rating. They now have a $206.00 price target on the stock, down previously from $238.00.MarketBeat
- Installed Building Products, Inc. (NYSE: IBP) was upgraded by analysts at StockNews.com from a "hold" rating to a "buy" rating.MarketBeat
IBP
Earnings
- 11/7/24 - Miss
IBP
Sec Filings
- 12/16/24 - Form 8-K
- 11/29/24 - Form 4
- 11/26/24 - Form 8-K
- IBP's page on the SEC website