Building Materials to redeem its 7¾% senior notes due 2014 at 103.875

By Susanna Moon

Chicago, Jan. 28 - Building Materials Corp. of America plans to redeem all of its 7¾% senior notes due 2014 at 103.875% of par plus accrued interest to the redemption date, according to an 8-K filing with the Securities and Exchange Commission.

The company said it will fund the redemption with the proceeds from an offering of senior secured notes to institutional buyers under Rule 144A.

Building Materials is a Boise, Idaho-based provider of building materials and construction services to professional residential builders and contractors.

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