Beacon Roofing shifts 2021 credit agreement to SOFR basis

Chicago, June 9 – Beacon Roofing Supply Inc. updated its credit agreement from May 19, 2021 to shift the rate basis to SOFR from Libor, according to an 8-K filing with the Securities and Exchange Commission regarding the June 6 change.

With no change in the margins, interest will now be at SOFR plus 125 basis points to 175 bps, based on excess availability.

Wells Fargo Bank, NA is the administrative agent.

Beacon Roofing is a Herndon, Va.-based distributor of roofing materials and complementary building products.

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