Beacon Roofing to price $1.3 billion eight-year notes on Wednesday

By Paul A. Harris

Portland, Ore., Oct. 10 – Beacon Roofing Supply Inc. and Beacon Supply Escrow Corp. scheduled a conference call with investors at 11 a.m. ET on Wednesday to launch a $1.3 billion offering of eight-year senior notes (B3/B+), according to a syndicate source.

The Rule 144A and Regulation S for life deal is set to price Wednesday afternoon.

Wells Fargo Securities LLC is the left bookrunner. Citigroup Global Markets Inc., BofA Merrill Lynch, J.P. Morgan Securities LLC and SunTrust Robinson Humphrey Inc. are the joint bookrunners.

The notes become callable after three years at par plus 50% of the coupon.

The Herndon, Va.-based distributor of residential and commercial roofing materials and complementary building products plans to use the proceeds to help fund its acquisition of East Rutherford, N.J.-based building products distributor Allied Building Products Corp. and refinance an existing debt.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.