ABC Supply to sell $350 million eight-year notes in Thursday drive by

By Paul A. Harris

Portland, Ore., Nov. 19 – American Builders & Contractors Supply Co., Inc., which does business as ABC Supply Co., Inc., plans to price $350 million of eight-year senior notes (existing ratings B3/B+) Thursday afternoon following a late-morning conference call with investors, according to market sources.

Deutsche Bank Securities Inc., BofA Merrill Lynch and RBC Capital Markets Corp. are the joint bookrunners for the Rule 144A and Regulation S for life offering.

SunTrust Robinson Humphrey Inc., UBS Investment Bank, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC are the co-managers.

The notes become callable after three years at par plus 75% of the coupon and feature a three-year 35% equity clawback.

The Nashville, Tenn.-based building materials company plans to use the proceeds to repay debt.

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