Installed Building Products launches $300 million notes due 2028

By Cristal Cody

Tupelo, Miss., Sept. 11 – Installed Building Products, Inc. launched an offering of $300 million of senior notes due 2028 (B3/B+) on Wednesday, according to a news release.

The notes are Rule 144A- and Regulation S-eligible.

Proceeds will be used to repay a portion of borrowings under the company’s term loan B credit facility and for other general corporate purposes.

Installed Building Products is an insulation and building products contractor based in Columbus, Ohio.

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