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Installed Building Products reprices $200M term loan B facility
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Installed Building Products Inc. repriced its existing $200 million term loan B facility due April 15, 2025.
The facility's pricing was lowered by 25 basis points to the London interbank offered rate plus 225 basis points, with a Libor floor of zero percent.
Bank of America NA was the term administrative agent, and BofA Securities Inc. was the sole lead arranger and sole book-running manager.