Installed Building Products, Inc. (the “Company” or “IBP”) (IBP), an industry-leading installer of insulation and complementary building products, today announced that it has launched an offering of $300 million in aggregate principal amount of senior unsecured notes due 2028 (the “Notes”) in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the “Securities Act”). IBP intends to use the net proceeds from the Notes to repay a portion of the current borrowings under its Term Loan B credit facility, and for other general corporate purposes. The Notes are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act and to certain persons outside of the United States pursuant to Regulation S under the Securities Act.

source https://finance.yahoo.com/news/installed-building-products-announces-launch-130000737.html?.tsrc=rss