Cornerstone Building to repay outstanding amount under ABL revolver

By Taylor Fox

New York, Sept. 9 – Cornerstone Building Brands, Inc. plans to repay outstanding amounts under its asset-based revolving credit facility, according to a news release.

Cornerstone will use proceeds from its offering of $400 million senior notes due 2029 to fund the repayment, and all related fees and expenses.

Any remaining proceeds will be used to repay outstanding amounts under its cash flow-based revolver.

Cornerstone is a Cary, N.C.-based manufacturer of exterior building products.

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