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Doman Building Materials Group Ltd. Announces Offering and Pricing of Reopening of $170 Million Senior Notes Due 2029
THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTIO...
About this update from Doman Building Materials Group Ltd
[{"type":"text","content":"Doman Building Materials Group Ltd. Announces Offering and Pricing of Reopening of $170 Million Senior Notes Due 2029\n\n\n\n\n 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.\n \n\n\n VANCOUVER, British Columbia, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Doman Building Materials Group Ltd. (“\n \n Doman\n \n ” or the “\n \n Company\n \n ”) (TSX:DBM) announced today that it has entered into an underwriting agreement with a syndicate of underwriters consisting of Stifel, CIBC Capital Markets, and TD Securities, as joint active bookrunners, and National Bank Capital Markets, Raymond James, RBC Capital Markets, Wells Fargo Securities, Canaccord Genuity, and Desjardins Capital Markets, as joint bookrunners, to sell an additional $170 million aggregate principal amount of its 7.50% Senior Unsecured Notes due September 17, 2029 (the “\n \n 2029 Notes\n \n ”). The 2029 Notes will be senior unsecured obligations of Doman, ranking equally with all other present and future senior unsecured indebtedness of the Company. The notes will be issued at a price of 101.625% of their face value (plus accrued interest from September 17, 2025), with yield to call of 6.515% and yield to maturity of 7.000%. The notes will have identical terms and be fungible (following the expiry of the applicable statutory hold period) with and be part of a single series with the $365 million aggregate principal amount of 2029 Notes currently outstanding.\n \n\n The net proceeds from the issuance will be approximately $167 million. Doman intends to use the net proceeds, together with additional funds drawn under its syndicated credit facility, to repurchase for cancellation a portion of the outstanding senior unsecured subordinated notes issued by Doman due May 15, 2026 (the “\n \n 2026 Notes\n \n ”) and to redeem any 2026 Notes that remain outstanding following the closing of the offering of 2029 Notes.\n \n\n The offering of 2029 Notes is expected to close on or about December 2, 2025, subject to customary closing conditions. The 2029 Notes were offered on a private placement basis in each of the provinces of Canada pursuant to certain prospectus exemptions. The 2029 Notes have not been registere...