Foundation Building to launch $450 million term loan B on Friday

By Sara Rosenberg

New York, April 23 – Foundation Building Materials Holdings Co. LLC is scheduled to hold a bank meeting at 10 a.m. ET in New York on Friday to launch a $450 million seven-year term loan B, according to a market source.

RBC Capital Markets is the left lead arranger on the deal.

Proceeds will be used to redeem the company’s existing 8.25% senior secured notes due 2021 and pay related expenses.

Foundation Building is a Tustin, Calif.-based building material company.

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