Builders FirstSource redeems $139.7 million of floaters via offering

By Tali David

Minneapolis, May 30 - Builders FirstSource, Inc. used the proceeds of a note offering, together with cash on hand, to redeem its $139.7 million aggregate principal amount of second-priority senior secured floating-rate notes due 2016, according to a press release.

The notes were redeemed at par plus accrued interest to the redemption date.

Proceeds were also used to pay $225 million of term loan borrowings outstanding under the company's existing credit facility in full plus a prepayment premium of about $39.5 million, accrued interest and terminate the facility; and pay commissions, fees and expenses.

Builders FirstSource is a Dallas-based supplier and manufacturer of structural and related building products.

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