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Doman to Sell $170 Million in New Notes to Refinance 2026 Debt

BY MT Newswires | CORPORATE | 11/26/25 09:17 AM EST

09:17 AM EST, 11/26/2025 (MT Newswires) -- Doman Building Materials Group (CWXZF) entered Wednesday into an underwriting agreement with a syndicate of underwriters to sell an additional $170 million aggregate principal amount of its 7.50% Senior Unsecured Notes due September 17, 2029.

In a statement DBM said the net proceeds from the issuance will be approximately $167 million. Doman intends to use the net proceeds, together with additional funds drawn under its syndicated credit facility, to repurchase for cancellation of a portion of the outstanding senior unsecured subordinated notes issued by Doman due May 15, 2026, and to redeem any 2026 notes that remain outstanding following the closing of the offering of 2029 notes.

The offering of 2029 Notes is expected to close on or about December 2, 2025, subject to customary closing conditions.

Shares in DBM rose more than 3% in Canada yesterday.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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In general the bond market is volatile, and fixed income securities carry interest rate risk. (As interest rates rise, bond prices usually fall, and vice versa. This effect is usually more pronounced for longer-term securities.) Fixed income securities also carry inflation risk and credit and default risks for both issuers and counterparties. Unlike individual bonds, most bond funds do not have a maturity date, so avoiding losses caused by price volatility by holding them until maturity is not possible.

Lower-quality debt securities generally offer higher yields, but also involve greater risk of default or price changes due to potential changes in the credit quality of the issuer. Any fixed income security sold or redeemed prior to maturity may be subject to loss.

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