Doman Building Materials Group Ltd. Announces Completion of Early Redemption of Its Outstanding 5.25% Senior Unsecured 2026 Notes

Executive Summary

• Doman Building Materials Group Ltd. completed the early redemption of its entire $272,163,000 principal amount of 5.25% senior unsecured subordinated notes due May 15 2026.
• The redemption price was $1,004.60 per $1,000 principal, covering full principal and accrued interest to the redemption date.
• Management indicated that the early retirement improves the company’s balance sheet and aligns with its ongoing debt‑retirement strategy.

Key Details

• Notes Redeemed: 5.25% senior unsecured subordinated notes due May 15 2026, aggregate principal $272,163,000.
• Redemption Price: $1,004.60 per $1,000 of principal (principal amount plus accrued and unpaid interest up to but excluding the redemption date).
• Total Redemption Amount: Approximately $273,500,000 (principal + accrued interest).
• Purpose/Impact: Early retirement reduces outstanding debt, re‑aligns the capital structure, and is expected to strengthen the balance sheet.
• Management Comment: Amar Doman, Chairman & CEO, highlighted fiscal responsibility and the positive effect on future strategic plans.
• Forward‑Looking Statements: Included statements regarding continued debt‑retirement strategies and anticipated financial prudence.

Notable Quotes

“Doman's continuing fiscal responsibility along with our growth strategy is expected to bode well for the future. The early retirement of our senior unsecured 2026 Notes and the attendant re‑alignment of our debt stack strengthens our balance sheet, demonstrating our ongoing debt retirement strategies.” – Amar Doman, Chairman & CEO