Installed Building Products Closes $250 Million Term Loan B Add-On
Bitget2026/10/27 20:48- Installed Building Products closed a $250 million increase to its Term Loan B, bringing outstanding principal to approximately $740 million.
- Existing terms remain unchanged, including the March 28, 2031 maturity.
- Interest remains at adjusted term secured overnight financing rate plus 1.75% annually, or an alternative base rate plus 0.75% annually.
- Net proceeds are expected to fund general corporate purposes and associated fees.
- RBC Capital Markets served as lead left arranger and bookrunner, with other financial institutions acting as joint lead arrangers and bookrunning managers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Updated version 2-BP reports the highest net profit in at least five years
AstraZeneca (AZN.US) Q3 profit growth surpasses expectations, driven mainly by oncology drugs
AstraZeneca (AZN.US) released its Q3 2026 results on October 30th. At constant exchange rates (CER), total revenue for the quarter increased by 7% year-on-year to $16.209 billions.
BP.US Q3 profits soar to 18-year high: Refining business becomes 'money-printing machine', CEO's reforms encounter strong tailwind
Benefiting from a surge in refining profit margins, BP's quarterly profit jumped to its highest level in 18 years.
Australian Dollar: Bias shifts back to neutral against US Dollar – UOB
Crypto prices
More
