BUILDERS FIRSTSOURCE, INC. (NASDAQ:BLDR) Files An 8-K Entry into a Material Definitive Agreement
Item1.01.
| Entry into a Material Definitive Agreement |
On March22, 2017, Builders FirstSource, Inc. (the Company)
extended the maturity date and increased the revolving facility
commitments under the existing $800.0million revolving facility
(the Previous Revolving Facility), with SunTrust Bank as
administrative agent and collateral agent and the lenders and
financial institutions party thereto, to an amendment to the
amended and restated ABL credit agreement governing the Previous
Revolving Facility (as amended, the New ABL Credit Agreement).
The New ABL Credit Agreement provides for revolving credit
financings of up to approximately $900.0million, subject to
availability under the borrowing base thereunder, with a maturity
date of March22, 2022. SunTrust Bank continues to serve as
administrative agent and collateral agent under the New ABL
Credit Agreement. The other material terms of the New ABL Credit
Agreement remain unchanged from those terms included in the
Amended and Restated Senior Secured Revolving Credit Facility
filed as Exhibit 10.2 to the Companys Current Report on Form 8-K,
filed with the Securities and Exchange Commission on August6,
2015.
The foregoing summary of the New ABL Credit Agreement is
qualified in its entirety by reference to the actual Amendment
No.1 to Credit Amendment, which is attached hereto as Exhibit
10.1 and is incorporated by reference herein.
| Item9.01. | Financial Statements and Exhibits |
(d) Exhibits.
The following exhibits are filed as part of this Current Report:
|
Exhibit Number |
Description |
|
| 10.1 |
Amendment No.1 to Credit Agreement, dated as of March22, 2017, among the Company, SunTrust Bank, as administrative agent and collateral agent, and the lenders party thereto. |
About BUILDERS FIRSTSOURCE, INC. (NASDAQ:BLDR)
Builders FirstSource, Inc. is a supplier and manufacturer of building materials, manufactured components and construction services to professional contractors, sub-contractors and consumers. The Company’s operating segments include Northeast, Southeast, South and West. It offers solution to its customers providing manufacturing, supply and installation of a range of structural and related building products. Its manufactured products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, as well as engineered wood that it designs, cuts and assembles for each home. The Company also assembles interior and exterior doors into pre-hung units. Additionally, it supplies customers with offering of professional grade building products, such as dimensional lumber and lumber sheet goods, and various window, door and millwork lines. Its range of construction-related services includes professional installation, framing and shell construction BUILDERS FIRSTSOURCE, INC. (NASDAQ:BLDR) Recent Trading Information
BUILDERS FIRSTSOURCE, INC. (NASDAQ:BLDR) closed its last trading session up +0.03 at 14.47 with 769,181 shares trading hands.