Doman Building Materials Group Ltd. Announces Closing of Additional $100 Million Senior Unsecured Note Offering

In This Article:

DOMAN BUILDING MATERIALS GROUP LTD.
DOMAN BUILDING MATERIALS GROUP LTD.

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

VANCOUVER, British Columbia, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“Doman” or the “Company”) (TSX: DBM) announced today that it has closed its previously announced private placement offering of $100 million aggregate principal amount of 7.50% senior unsecured notes (the “Notes”) due September 17, 2029 (the “Note Offering”). Stifel and CIBC Capital Markets acted as joint active bookrunning managers, and National Bank Financial Markets, RBC Capital Markets and TD Securities as joint bookrunners, on the Note Offering. The Notes have identical terms and will be fungible (following the expiry of the applicable statutory hold period) with, and are a part of a single series with, the $265 million aggregate principal amount of 7.50% senior unsecured notes due 2029 issued by the Company on September 17, 2024.

The Notes were issued at a price of $1,015 per $1,000 principal amount plus the amount of accrued interest on the principal amount from September 17, 2024 (the date on which Doman completed the original offering of its 7.50% senior unsecured notes) to the closing date of the Note Offering. The net proceeds from the Note Offering of approximately $99.75 million were used to reduce the amounts outstanding under Doman’s syndicated credit facility.

The Notes were offered for sale in each of the provinces of Canada to “accredited investors” on a private placement basis in accordance with Canadian securities laws. The Notes have not been and will not be qualified for distribution in Canada by a prospectus and were offered and sold in Canada only pursuant to an exemption from the prospectus requirements of Canadian securities laws. In addition, the Notes have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), and were sold to certain non-U.S. persons in transactions outside the United States in reliance on Regulation S under the U.S. Securities Act. This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities in Canada, the United States or any other jurisdiction.

About Doman Building Materials Group Ltd.

Founded in 1989, Doman is headquartered in Vancouver, British Columbia, and trades on the Toronto Stock Exchange under the symbol DBM.

As Canada’s only fully integrated national distributor in the building materials and related products sector, Doman operates several distinct divisions with multiple treating plants, planing and specialty facilities and distribution centres coast-to-coast in all major cities across Canada and coast-to-coast across the United States.


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