Doman Building completes early note redemption

Executive Summary

• Doman Building Materials Group Ltd. has completed the early redemption of all outstanding 5.25% Senior Unsecured 2026 Notes.
• The total aggregate principal amount redeemed was $272,163,000.
• The redemption price was set at $1,004.60 per $1,000 principal amount, covering the principal plus all accrued and unpaid interest up to the redemption date.

Key Details

• Instrument Redeemed: 5.25% Senior Unsecured Subordinated Notes due May 15, 2026.
• Aggregate Principal Amount: $272,163,000.
• Redemption Price: $1,004.60 for each $1,000 principal amount.
• Accrued Interest: Included in the redemption price, calculated up to but excluding the date of redemption.
• Strategic Impact: The company states that the early retirement strengthens its balance sheet and aligns with its ongoing debt retirement strategies and growth plans.

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 realignment of our debt stack strengthens our balance sheet, demonstrating our ongoing debt retirement strategies. We will continue to be financially prudent as we move forward with our strategic plans," commented Amar Doman, chairman and chief executive officer.