Builders FirstSource talks $300 million eight-year secured notes to yield in 6¾% area

By Paul A. Harris

Portland, Ore., May 22 – Builders FirstSource Inc. talked its $300 million offering of eight-year senior secured notes (B2/BB-) to yield in the 6¾% area, according to market sources.

Official talk comes tighter than initial guidance in the 7% area, a trader said.

Books close at noon ET on Wednesday.

Credit Suisse Securities (USA) LLC is the bookrunner.

The Rule 144A and Regulation S notes become callable after three years at par plus 50% of the coupon.

The Dallas-based building products manufacturer and distributor plans to use the proceeds to pay down its term loan due 2024.

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