Installed Building Products Announces Plans to Reprice Its Existing Term Loan B Facility
The objectives of the repricing are to reduce the borrowing costs under the existing facility and make certain other changes to the existing agreement. The terms of the potential repricing will be disclosed upon the completion of the transaction, which is expected to be announced in the next several weeks. The proposed repricing is subject to market and other conditions, and there can be no assurance that it will be completed.
The lender's presentation is available in the investor relations section on the Company's website.
This press release contains forward-looking statements within the
meaning of the federal securities laws, including with respect to the
timing and completion of the potential repricing, demand for our
services, expansion of our national footprint, our ability to capitalize
on the new home construction recovery, our ability to strengthen our
market position, our ability to pursue and integrate value-enhancing
acquisitions, our ability to improve sales and profitability, and
expectations for demand for our services and our earnings for the
remainder of 2017. Forward-looking statements may generally be
identified by the use of words such as "anticipate," "believe,"
"expect," "intends," "plan," and "will" or, in each case, their
negative, or other variations or comparable terminology. These
forward-looking statements include all matters that are not historical
facts. By their nature, forward-looking statements involve risks and
uncertainties because they relate to events and depend on circumstances
that may or may not occur in the future. Any forward-looking statements
that we make herein and in any future reports and statements are not
guarantees of future performance, and actual results may differ
materially from those expressed in or suggested by such forward-looking
statements as a result of various factors, including, without
limitation, the factors discussed in the "Risk Factors" section of the
Company's Annual Report on Form 10-K for the year ended
Investor Relations, 614-221-9944
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