Installed Building Products Inc., a Columbus-based installer of insulation and complementary building products, has priced its previously announced offering of 5.75 percent senior unsecured notes due 2028 at $300 million. IBP intends to use the net proceeds to repay a portion of the current borrowings under its Term Loan B credit facility, and for other general corporate purposes.
The private notes offering is expected to close on Sept. 26, 2019, subject to customary closing conditions. The offering is exempt from the registration requirements of the Securities Act of 1933.
