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

Executive Summary

• Doman Building Materials Group Ltd. closed a private placement of $170 million aggregate principal amount of 7.50% senior unsecured notes due September 17, 2029.
• The notes were issued at a price of $1,016.25 per $1,000 principal (including accrued interest to the issuance date).
• Net proceeds of approximately $167 million will be used, together with funds from its syndicated credit facility, to fully redeem all outstanding 5.25% senior unsecured notes due May 15, 2026 (principal $272.163 million), with redemption expected to close on December 17, 2025.

Key Details

• Offering Size: $170 million aggregate principal amount of 7.50% senior unsecured notes (the “Notes”).
• Interest Rate & Maturity: 7.50% per annum, due September 17, 2029.
• Pricing: Issued at $1,016.25 for every $1,000 of principal, plus accrued interest from September 17, 2025 to the issuance date.
• Placement Structure: Private placement offered exclusively to accredited investors in Canada under Canadian securities law exemptions; also sold to non‑U.S. persons outside the United States pursuant to Regulation S.
• Bookrunners: Joint active bookrunners – Stifel, CIBC Capital Markets, TD Securities; joint bookrunners – National Bank Capital Markets, Raymond James, RBC Capital Markets, Wells Fargo Securities, Canaccord Genuity, Desjardins Capital Markets.
• Use of Proceeds: Net proceeds (~$167 million) plus additional funds from existing syndicated credit facility will be used to redeem all outstanding 5.25% senior unsecured notes due May 15, 2026 (principal $272.163 million).
• Redemption Timeline: Formal notice of redemption delivered today; expected completion on December 17, 2025.
• Outstanding 2026 Notes: $272,163,000 principal amount as of the announcement date.
• Regulatory Disclaimers: Notes not registered in the U.S.; offering limited to Canada and non‑U.S. persons under exemption; forward‑looking statements included with standard risk factors referenced to Doman’s AIF (dated March 31, 2025) and MD&A (dated November 6, 2025).

Notable Quotes

No executive quotes were provided in the release.