Doman Building Materials Group Ltd. Announces Offering and Pricing of Reopening of $170 Million Senior Notes Due 2029

Core Viewpoint - Doman Building Materials Group Ltd. has entered into an underwriting agreement to sell an additional $170 million of its 7.50% Senior Unsecured Notes due September 17, 2029, to strengthen its financial position and manage existing debt obligations [1][2]. Group 1: Financial Details - The 2029 Notes will be issued at a price of 101.625% of their face value, with a yield to call of 6.515% and a yield to maturity of 7.000% [1]. - The net proceeds from the issuance are expected to be approximately $167 million, which will be used to repurchase and redeem a portion of the outstanding 2026 Notes due May 15, 2026 [2]. Group 2: Offering and Regulatory Information - The offering of the 2029 Notes is expected to close on or about December 2, 2025, subject to customary closing conditions, and will be offered on a private placement basis in Canada [3]. - The 2029 Notes have not been registered under the U.S. Securities Act and are being offered only to qualified institutional buyers in reliance on Rule 144A [3][4]. Group 3: Company Overview - Doman Building Materials Group Ltd. is Canada's only fully integrated national distributor in the building materials sector, operating multiple divisions and distribution centers across Canada and the United States [5][6]. - The company was founded in 1989 and is headquartered in Vancouver, British Columbia, trading on the Toronto Stock Exchange under the symbol DBM [5].