Builders FirstSource makes a deal

Builders FirstSource says it entered into a deal that will allow it to reduce its long-term debt by about $11.0 million, and reduce its annual cash interest expense by about $7.7 million. 

The Dallas-based LBM giant announced the transaction Monday morning. Specifically, BLDR entered into a private note exchange transaction. Following the transactions, remaining outstanding will be $557.6 million aggregate principal amount of 2021 notes and $481.4 million aggregate principal amount of 2023 notes.

Based in Dallas, Builders FirstSource is the nation’s largest LBM dealer. On Aug. 3, 2015, the company completed its acquisition of ProBuild Holdings. Today it operates in 40 states with over 425 locations and a market presence in 74 of the top 100 metropolitan statistical areas.

The company was named the 2015 HBSDealer Pro Dealer of the Year.