Builders FirstSource draws $150 million under revolving facility

By Marisa Wong

Los Angeles, April 6 – Builders FirstSource, Inc. drew down an additional $150 million of cash under its revolving credit facility, according to a press release.

The company said the drawdown was a proactive step to further enhance its financial flexibility, liquidity and cash flow during this volatile period brought on by the Covid-19 pandemic.

Following the drawdowns in March, the company had about $150 million of cash on hand with no debt maturities until 2024.

The company said it believes its current cash balance plus access to an estimated $480 million of additional availability under its revolver provides the financial flexibility to manage its business with a safety-first emphasis across its nationwide footprint.

Builders FirstSource is a Dallas-based supplier of building products.

© 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.