American Builders starts any-and-all tender offer for 5 7/8% notes

Chicago, April 27 – American Builders & Contractors Supply Co., Inc. started a cash any-and-all tender offer of its $600 million outstanding 5 7/8% senior notes due 2026 (Cusips: 024747AE7, U02383AC8), according to an offer to purchase announcement.

The tender consideration is $1,031.50 per $1,000 notes, plus interest to the settlement date.

American Builders plans to redeem any notes outstanding after the settlement date at 102.938, plus interest to the redemption date.

Funding for the tender offer will come from a new offer of debt securities. The company may draw on its ABL facility if the issue date for the new debt is after the settlement of the tender offer.

The offer is conditioned upon the successful issuance of the new notes.

The offer will expire at 5 p.m. ET on May 3, also the withdrawal deadline.

The deadline for notes tendered via guaranteed delivery is 5 p.m. ET on May 5.

Settlement is expected for May 6.

BNP Paribas (888 210-4358, 212 841-3059, dl.us.liability.management@us.bnpparibas.com) is the dealer manager for the offer.

D.F. King & Co., Inc. (212 269-5550, 800 591-8263, abcsupply@dfking.com) is the information and tender agent.

American Builders is a Beloit, Wis., wholesale distributor of exterior and interior building products to professional contractors.

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