Builders FirstSource Reports Material Agreement & Financial Obligation

TL;DR

**Builders FirstSource just took on new debt and signed a big deal, so keep an eye on their financials!**

AI Summary

Builders FirstSource, Inc. filed an 8-K on February 29, 2024, reporting an entry into a material definitive agreement and the creation of a direct financial obligation. The filing also included a Regulation FD disclosure and financial statements and exhibits. The company, based in Irving, Texas, operates in the retail lumber and building materials sector.

Why It Matters

This filing indicates that Builders FirstSource has entered into a significant agreement and taken on new financial obligations, which could impact its future financial performance and operational strategy.

Risk Assessment

Risk Level: medium — The creation of a direct financial obligation introduces new debt or liabilities, which can increase financial risk if not managed effectively.

Key Players & Entities

• Builders FirstSource, Inc. (company) — Registrant
• February 29, 2024 (date) — Date of earliest event reported
• Irving, Texas (company) — Business address location
• 001-40620 (other) — Commission File Number
• 52-2084569 (other) — IRS Employer Identification No.

FAQ

From the Filing

0001193125-24-053452.txt : 20240229 0001193125-24-053452.hdr.sgml : 20240229 20240229161631 ACCESSION NUMBER: 0001193125-24-053452 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 17 CONFORMED PERIOD OF REPORT: 20240229 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20240229 DATE AS OF CHANGE: 20240229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Builders FirstSource, Inc. CENTRAL INDEX KEY: 0001316835 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-LUMBER & OTHER BUILDING MATERIALS DEALERS [5211] ORGANIZATION NAME: 07 Trade & Services IRS NUMBER: 522084569 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-40620 FILM NUMBER: 24703878 BUSINESS ADDRESS: STREET 1: 6031 CONNECTION DR., STE. 400 CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: (214) 880-3500 MAIL ADDRESS: STREET 1: 6031 CONNECTION DR., STE. 400 CITY: IRVING STATE: TX ZIP: 75039 8-K 1 d771661d8k.htm 8-K 8-K false 0001316835 0001316835 2024-02-29 2024-02-29     UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549     FORM 8-K     CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 29, 2024     BUILDERS FIRSTSOURCE, INC. (Exact Name of Registrant as Specified in Its Charter)       Delaware   001-40620   52-2084569 (State or Other Jurisdiction of Incorporation)   (Commission File Number)   (IRS Employer Identification No.)   6031 Connection Drive , Suite 400 Irving , Texas   75039 (Address of Principal Executive Offices)   (Zip Code) Registrant’s telephone number, including area code: (214) 880-3500 N/A (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common stock, par value $0.01 per share   BLDR   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐       Item 1.01. Entry into a Material Definitive Agreement 6.375% Senior Notes due 2034 On February 29, 2024 (the “Closing Date”), Builders FirstSource, Inc., a Delaware corporation (the “Company”), completed the previously announced sale of $1,000 million aggregate principal amount of its 6.375% senior notes due 2034 (the “Notes”) at an issue price of 100.0% (the “Notes Offering”). The Comp