Builders FirstSource extended the maturity date and increased the revolving facility commitments under its existing $800 million revolving facility with SunTrust Bank as administrative agent and collateral agent.
A new ABL credit agreement provided revolving credit financing of up to approximately $900 million, an increase from the original $800 million, subject to availability under the borrowing base thereunder, with a maturity date of March 22, 2022.
SunTrust Robinson Humphrey, Citigroup Global Markets, Credit Suisse, Deutsche Bank and Keybank Capital Markets were joint lead arrangers and joint bookrunners. Bank of America, Deutsche Bank Securities and Wells Fargo served as joint lead arrangers and joint bookrunners. Citigroup Global Markets and BMO Harris were co-syndication agents and co-documentation agents.
Builders FirstSource is a Texas-based supplier and manufacturer of building supplies and materials.