BMC Stock Holdings borrows $144 million under revolving facility

By Sarah Lizee

Olympia, Wash., April 6 – BMC Stock Holdings, Inc. recently borrowed $144 million under its revolving credit facility as a precautionary measure to increase cash on hand and financial flexibility, according to a press release.

As a result of the draw, the company had cash on hand of about $285 million on March 31, and about $215 million of remaining borrowing capacity under its revolver, resulting in total liquidity of about $500 million.

Additionally, the company has no significant long-term debt maturities until 2024.

The issuing entity will be wholly owned subsidiary BMC East, LLC.

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