Building Materials gets tenders for 97.5% of 2007 notes, 96.9% of 2008 notes

By Michelle Anderson

Rochester, N.H., Feb. 23 - Building Materials Corporation of America said it received tenders from holders of 97.5% of its 8% notes due 2007 and 96.9% of its 8% notes due 2008, according to a press release issued Friday.

The tender ended on Feb. 21 after being extended from its original date of Jan. 23.

The Wayne, N.J.-based roofing products company previously said it received consents from a majority of noteholders by 5 p.m. ET on Jan. 4, the consent deadline. The company said it will execute supplemental indentures.

Funding for the tender and the acquisition of ElkCorp came from a new $975 million term loan facility, a new $600 million revolving credit facility and a $325 million bridge loan facility.

Bear, Stearns & Co. Inc. (877 696-2327) and Deutsche Bank Securities (800 553-2826) was the dealer manager for the tender. D.F. King & Co. Inc. was the information agent (call collect 212 269-5550 or 800 628-8536).

Building Materials Corporation of America is a Wayne, N.J.-based roofing products company.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.