Installed Building Products Prices $500M 5.625% Senior Notes Due 2034

Benzinga · 4d ago

Installed Building Products, Inc. (the "Company" or "IBP") (NYSE: IBP), an industry-leading installer of insulation and complementary building products, today announced the pricing of its previously announced senior notes offering. The Company priced $500 million in aggregate principal amount of 5.625% senior unsecured notes due 2034 (the "2034 Notes") in an offering exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"). The private Notes offering is expected to close on or about January 21, 2026, subject to customary closing conditions.

IBP intends to use the net proceeds from the offering of the 2034 Notes: (i) to fund the conditional redemption in full of the outstanding 5.75% senior unsecured notes due 2028 (the "2028 Notes"); (ii) to pay fees and expenses in connection with the offering, redemption and related transactions; and (iii) for other general corporate purposes.