Installed Building Products closed a seven-year, $500 million term loan with RBC Capital Markets, BofA Securities and Goldman Sachs Bank. Royal Bank of Canada will serve as term administrative agent and term collateral agent for the new term loan.
Installed Building Products entered into a $300 million term loan B facility and a $100 million ABL facility. Royal Bank of Canada and SunTrust Bank served as administrative agent for the facilities.
Installed Building Products entered into a new five-year, $325 million senior secured credit facility with an accordion feature. KeyBank was lead arranger, sole bookrunner and administrative agent.
Installed Building Products announced it entered into a five-year, $100 million senior secured credit facility. KeyBank acted as lead arranger, sole bookrunner and administrative agent.