BMC Stock Holdings, a provider of diversified building products, services and solutions in the U.S. residential construction market increased its senior secured credit agreement, which includes a revolving line of credit, from $375 million to $425 million and extended the maturity from December 1, 2020 to May 31, 2024.
The credit agreement is led by Wells Fargo Capital Finance. Other participating banks include Bank of America, Goldman Sachs Bank USA, Royal Bank of Canada and SunTrust Bank.
“We are pleased to unlock additional liquidity to fund strategic growth opportunities through the increased commitments under this facility,” said Jim Major, executive vice president, chief financial officer and treasurer of BMC. “With this enhanced availability, extended maturity and our low leverage, we are even better positioned to execute on our strategic priorities, which include investments in value-added products and services, manufacturing automation and acquisitions. We appreciate the support of our bank group in expanding our available sources of financing.”