Installed Building to launch $500 million term loan on Wednesday

By Sara Rosenberg

New York, Nov. 30 – Installed Building Products Inc. is scheduled to hold a lender call at 1 p.m. ET on Wednesday to launch a $500 million seven-year term loan, according to a market source.

RBC Capital Markets is the left lead on the deal.

Commitments are due on Dec. 14, the source added.

Proceeds will be used to refinance an existing $200 million term loan B due April 2025 as well as for acquisitions, other growth initiatives and general corporate purposes.

Closing is expected in December.

Installed Building Products is a Columbus, Ohio-based installer of insulation and complementary building products.

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