Doman Building Materials Group Ltd. Announces Offering and Pricing of Reopening of $170 Million Senior Notes Due 2029

Executive Summary

• Doman Building Materials Group Ltd. entered into an underwriting agreement to issue an additional $170 million of 7.50% senior unsecured notes due September 17, 2029.
• The notes will be issued at 101.625% of face value, yielding 6.515% to call and 7.000% to maturity, with net proceeds of approximately $167 million.
• Proceeds (plus additional credit facility borrowings) will be used to repurchase and cancel a portion of the company’s outstanding 2026 senior unsecured subordinated notes and to redeem any remaining 2026 notes after the offering closes (expected ~Dec 2, 2025).

Key Details

• Underwriters: 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.
• Notes Terms: 7.50% senior unsecured notes due 09‑17‑2029, ranking equally with all other present and future senior unsecured indebtedness.
• Pricing & Yield: Issue price = 101.625% of face value (plus accrued interest from 09‑17‑2025); yield to call = 6.515%; yield to maturity = 7.000%.
• Aggregate Principal Amount: Additional $170 million, fungible with the existing $365 million aggregate principal amount of 2029 notes already outstanding.
• Net Proceeds: Approximately $167 million after underwriting discounts and expenses.
• Use of Proceeds:
• Repurchase for cancellation a portion of the outstanding senior unsecured subordinated notes due May 15, 2026 (“2026 Notes”).
• Redeem any remaining 2026 Notes following closing of the 2029 Notes offering.
• Closing Date: Expected on or about December 2, 2025, subject to customary conditions.
• Offering Structure: Private placement in each Canadian province under prospectus exemptions; not registered in the U.S., offered to qualified institutional buyers in reliance on Rule 144A.

Notable Quotes

(No executive quotes were included in the release.)