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American Builders to sell $600 million eight-year senior notes
By Paul A. Harris
Portland, Ore., March 27 - American Builders & Contractors Supply Co. Inc. plans to sell $600 million of eight-year senior notes (B3), according to a market source.
Proceeds will be used to help finance the redemption of the minority shares held by Advent International, Apollo, and the founding family of the legacy Bradco Supply business, and to redeem all outstanding stock appreciation rights.
The company is a Beloit, Wis.-based building supply company.
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