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Installed Building Products Closes $500 Million Notes Offering, Amends Credit Facility

BY MT Newswires | CORPORATE | 01/21/26 05:06 PM EST

05:06 PM EST, 01/21/2026 (MT Newswires) -- Installed Building Products (IBP) said late Wednesday it closed a private offering of $500 million in aggregate principal amount of 5.625% senior unsecured notes due 2034.

The company amended its existing $250 million asset-based lending revolving credit facility to increase commitments to $375 million and extend the maturity date to Jan. 21, 2031. The facility remains undrawn, according to the company.

Net proceeds from the 2034 notes were about $490 million. Installed Building said it plans to use the proceeds to fund the conditional redemption in full of its outstanding 5.75% senior unsecured notes due 2028. The redemption is scheduled to occur Thursday.

The company said that the remaining proceeds will be used for fees and other general corporate purposes.

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

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