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Builders FirstSource to draw on ABL facility to fund tender offer
By Wendy Van Sickle
Columbus, Ohio, Sept. 14 – Builders FirstSource, Inc. plans to draw down on its ABL credit facility to partially fund a tender offer for up to $50 million senior notes due 2023, according to a press release.
The company also plans to use cash on hand to fund the tender offer, which was announced Wednesday and will expire at 11:59 p.m. ET on Oct. 12.
Builders FirstSource is a Dallas-based building materials manufacturer and supplier.
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