Specialty Building Products sets Tuesday investor call for offering of $575 million six-year notes

By Paul A. Harris

Portland, Ore., Sept. 14 – Specialty Building Products Holdings, LLC, doing business at U.S. Lumber Group, scheduled an investor conference call at 10:30 a.m. ET on Tuesday to shop a $575 million offering of six-year senior secured notes (expected ratings B3/B-), according to a syndicate source.

BofA Securities Inc., Nomura Securities International Inc., RBC Capital Markets Corp., Truist Securities Inc. and Wells Fargo Securities LLC are the joint bookrunners.

The Rule 144A for life notes become callable after two years at par plus 50% of the coupon.

The Atlanta-based two-step distributor of specialty building products plans to use the proceeds to repay debt under its senior secured term loan and fund a distribution to its sponsor.

The co-issuer is SBP Finance Corp.

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