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Doman Building Materials Closes Additional $170 Million Senior Unsecured Note Offering

BY MT Newswires | CORPORATE | 12/02/25 12:46 PM EST

12:46 PM EST, 12/02/2025 (MT Newswires) -- Doman Building Materials Group (CWXZF) on Tuesday said it closed a private placement offering of $170 million of 7.50% senior unsecured notes due Sept. 17, 2029.

The company said the notes have identical terms, will be fungible with, and are a part of a single series.

Doman intends to use proceeds of about $167 million, with additional funds drawn under its syndicated credit facility, to redeem all of its outstanding 5.25% senior unsecured notes due May 15, 2026.

Shares of the company were last seen up $0.05 to $9.38 on the Toronto Stock Exchange.

Price: 9.38, Change: +0.05, Percent Change: +0.54

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.

Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully.

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