NCI Building Systems to sell $150 million convertibles

New York, Nov. 8 - NCI Building Systems Inc. said it plans to sell $150 million of convertible senior subordinated notes due 2024.

The offering will have a $30 million greenshoe.

NCI, a Houston-based integrated manufacturer of metal products for the nonresidential building industry, said it will use proceeds to fund future and pending acquisitions including $17 million for the cash part of its acquisition of Heritage Building Systems Inc. and Steelbuilding.com.

The deal will be offered under Rule 144A.

No further details were immediately available about the offering, which was announced well after the market close.

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