IBP Seeks to Increase Term Loan B Facility by $250 Million

Installed Building Products, Inc. (IBP) announced its intent to seek a $250 million increase, or "Add-On," to its existing Term Loan B facility. The net proceeds from the proposed transaction are expected to be used for general corporate purposes and to pay associated fees.

Key Details

• Proposed Increase: $250 million add-on to the existing ~$500 million Term Loan B.
• Use of Proceeds: The funds will be allocated for general corporate purposes and to cover transaction-related fees.
• Terms: The add-on is expected to have the same terms as the existing Term Loan B. The completion of the transaction is subject to market and other conditions.