US LBM Holdings amends revolving credit facility

Posted November 6, 2019
US LBM Holdings, LLC (“US LBM”) has amended $275 million revolving credit facility and extends the term of the facility until October 2024, as the company says in the press release received by Lesprom Network.  

Borrowings under the five-year facility will bear interest at a rate of 125 to 175 basis points over LIBOR, compared to a prior range of 150 to 200 basis points. Also amended were certain reductions to fees related to undrawn amounts.

“Enhancing our credit facility further improves our borrowing costs and access to attractive capital resources,” said US LBM Executive Vice President and CFO Pat McGuiness. “The support of our banking partners, who value our strong fundamentals and unique position, is essential as we continue to profitably grow and expand our reach across the nation while delivering exceptional service and products to customers.”

The revolving credit facility was supported by a syndicate of six lenders, including Royal Bank of Canada as administrative agent. 

US LBM is a leading distributor of specialty building materials in the United States. 

+7 499 6535608
Ordzhonikidze, 11 109028 Moscow, Russia


Topics: Credits

Comments

To like this you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
To leave comments you need to register.
To do this, enter your name and email address.
Name:
Surname:
E-mail:
Sex:
If you are already registered
please enter your details here
We welcome comments that advance the story through relevant opinion and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Lesprom Network. For more information on our comment policy, see: https://www.lesprom.com/legal/comment_policy/
Back to top