Kodiak Building to launch $740 million credit facilities on Thursday

By Sara Rosenberg

New York, Feb. 17 – Kodiak Building Partners is set to hold a lender call at 11 a.m. ET on Thursday to launch $740 million of credit facilities, according to a market source.

RBC Capital Markets is the left lead on the deal.

The facilities consist of a $200 million five-year ABL revolver and a $540 million seven-year term loan B, the source said.

Commitments are due at noon ET on March 3.

Proceeds will be used to refinance the company’s capital structure and pay a shareholder dividend.

Kodiak Building is a Highlands Ranch, Colo.-based building products distribution platform and provider of fabrication and assembly services.

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