Doman Building Materials Group Ltd. Announces Closing of Additional $170 Million Senior Unsecured Note Offering and Redemption of Its Remaining 5.25% Senior Unsecured Notes Due May 15, 2026
Globenewswire·2025-12-02 14:15

Core Points - Doman Building Materials Group Ltd. has successfully closed a private placement offering of $170 million in 7.50% senior unsecured notes due September 17, 2029 [1][2] - The company plans to use approximately $167 million of the net proceeds to redeem all outstanding 5.25% senior unsecured notes due May 15, 2026, with the redemption expected to be completed on December 17, 2025 [4] Financial Details - The newly issued notes are part of a single series with the existing $365 million aggregate principal amount of 7.50% senior unsecured notes due 2029 [2] - The notes were issued at a price of $1,016.25 per $1,000 principal amount, plus accrued interest from September 17, 2025 [2] Company Overview - Doman Building Materials Group Ltd. is headquartered in Vancouver, British Columbia, and is the only fully integrated national distributor in the building materials sector in Canada [5] - The company operates multiple divisions and facilities across Canada and the United States, including treating plants, planing mills, and distribution centers [6]