Builders FirstSource, Inc. Announces Final Results and Expiration of Its Modified Dutch Auction Tender Offer

DALLAS, Oct. 13, 2016 (GLOBE NEWSWIRE) — Builders FirstSource, Inc. (the “Company”) (Nasdaq:BLDR), a leading supplier and manufacturer of structural and related building products for residential new construction and home repair and remodeling in the United States, today announced the final results and expiration of its previously announced cash tender offer to purchase (the “Tender Offer”) up to $50 million aggregate principal amount of its 10.75% Senior Notes due 2023 (CUSIP Nos. 12008R AH0 (144A) and U08985 AD2 (Reg S)) (the “Notes”) at a purchase price per $1,000 principal amount determined in accordance with a modified Dutch auction procedure on the terms and subject to the conditions set forth in the Offer to Purchase dated September 14, 2016 (the “Offer to Purchase”) and the related Letter of Instruction. The clearing price, determined in accordance with the Offer to Purchase, is $1,170 per $1,000 principal amount of tendered Notes. The Company will also pay accrued and unpaid interest, subject to the terms and conditions set forth in the Offer to Purchase, from September 1, 2016 to but excluding the date of settlement of the Tender Offer.

The table below sets forth the final results of the Tender Offer, according to information provided by the tender agent, as of 11:59 P.M., New York City time, on October 12, 2016 (the “Expiration Time”):

Title of Notes Aggregate
Principal
Amount
Outstanding

(in millions)
Principal
Amount of
Notes
Tendered

(in millions)
Principal
Amount
of Notes
Accepted

(in millions)
Clearing Price
(per $1,000
principal
amount)
10.75% Senior Notes due 2023 $ 418   $ 157   $ 50   $ 1,170  
                         

Approximately $157 million aggregate principal amount of the Notes were validly tendered prior to the Expiration Time. $50 million aggregate principal amount of such validly tendered Notes were accepted for purchase pursuant to the proration procedures described in the Offer to Purchase. Notes tendered and not accepted for purchase will be promptly returned or credited to the applicable holder’s account.

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