The company amended its existing $250 million asset-based lending revolving credit facility to increase commitments to $375 million and extend the maturity date to Jan. 21, 2031. The facility remains undrawn, according to the company.

Net proceeds from the 2034 notes were about $490 million. Installed Building said it plans to use the proceeds to fund the conditional redemption in full of its outstanding 5.75% senior unsecured notes due 2028. The redemption is scheduled to occur Thursday.

The company said that the remaining proceeds will be used for fees and other general corporate purposes.

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